Original sentence: (The counter argument is that the stockholders don't own the losses: a "corporation" is an entity that enjoys many benefits of citizenship and thus should be treated, for tax purposes too, like it were a separate citizen, and thus the dividends are more like interest on loans paid to the shareholders and thus subject to tax
Edited sentence: (The counter argument is that the stockholders don't own the losses: a "corporation" is an entity that enjoys many benefits of citizenship and thus should be treated, for tax purposes too, as if it were a separate citizen, and thus the dividends are more like interest on loans paid to the shareholders and thus subject to tax