AnandTech Forums: Technology, Hardware, Software, and Deals
Lets say myself and my partner own a small business which makes us 500k a year, which we pay taxes on.
Now that we don't have to pay taxes on dividends, we decide to incorporate the business, pay us each a 30k salary, and we distribute the remaining $440k to ourselves as a tax free dividend. Not bad huh?
A banker friend told me this is going to be the new game if this tax plan goes through. (I'm still looking for info to verify this scenario tho.)
Now that we don't have to pay taxes on dividends, we decide to incorporate the business, pay us each a 30k salary, and we distribute the remaining $440k to ourselves as a tax free dividend. Not bad huh?
A banker friend told me this is going to be the new game if this tax plan goes through. (I'm still looking for info to verify this scenario tho.)
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