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re: So a C corporation is taxed twice on profit?
Posted on 11/10/14 at 11:30 pm to SpidermanTUba
Posted on 11/10/14 at 11:30 pm to SpidermanTUba
Yea we are going to work out those details in the next couple of weeks regarding dividend payouts.
I would hope they want to keep it within the company to grow the value of the shares, especially considering I can grow the company quickly by reinvesting the money and since it's a farm, write off all new equipment expenditures.
And yes I of course get a salary.
I appreciate y'all's input on this. I was just making a bitch at the government for it's tax rates thread, but it's turned into a productive discussion.
I would hope they want to keep it within the company to grow the value of the shares, especially considering I can grow the company quickly by reinvesting the money and since it's a farm, write off all new equipment expenditures.
And yes I of course get a salary.
I appreciate y'all's input on this. I was just making a bitch at the government for it's tax rates thread, but it's turned into a productive discussion.
2
Posted on 11/11/14 at 7:25 am to deltaland
quote:Would be awesome if 10% of the threads worked out this way. Good luck.
I appreciate y'all's input on this. I was just making a bitch at the government for it's tax rates thread, but it's turned into a productive discussion.
Posted on 11/11/14 at 8:43 am to deltaland
Dividends should not be taxed at all.
Delta land's point is valid.
I think we would not have the trillion dollars i cash sitting almost idle on the balance sheets of public C corps if the cash could be paid to shareholders tax free. (that and the idiotic idea that we should tax foreign earnings of US corporations should be eliminated.)
Delta land's point is valid.
I think we would not have the trillion dollars i cash sitting almost idle on the balance sheets of public C corps if the cash could be paid to shareholders tax free. (that and the idiotic idea that we should tax foreign earnings of US corporations should be eliminated.)
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