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Tax changes
| December 2nd, 2023 at 2:40:59 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18212 |
Wrong. As soon as the income is made you have to pay taxes. The issue is you should not have to pay double taxes on your dividends. The President is a fink. |
| December 2nd, 2023 at 5:54:47 AM permalink | |
| DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4969 |
There is no income if you don't sell the stock. Obviously, don't invest in dividend earning stocks then you avoid the tax bill. Investing is simple and as long as you never take a profit you won't be taxed. Just keep investing and when you die your family inheritance will not be taxed unless it is over $13 million. At my age a Life In Prison sentence is not much of a detrrent. |
| December 2nd, 2023 at 6:23:42 AM permalink | |
| rxwine Member since: Oct 24, 2012 Threads: 189 Posts: 18762 |
So, it could be an AP play to fake your own death. The first part of the plan is finding a random dead person. Preferably on the street. Replace their ID if any with yours and make sure a family member makes a positive identification of "you" at the morgue. You believe in an invisible god, and dismiss people who say they are trans? Really? |
| December 2nd, 2023 at 7:09:49 AM permalink | |
| kenarman Member since: Oct 24, 2012 Threads: 14 Posts: 4519 |
Why would the family member have to fake the ID. If they make sure that it is really is you in the morgue then they are golden. "but if you make yourselves sheep, the wolves will eat you." Benjamin Franklin |
| December 2nd, 2023 at 7:29:43 AM permalink | |
| rxwine Member since: Oct 24, 2012 Threads: 189 Posts: 18762 |
The family member is going to be called to ID the body because of the circumstances. Also, you can't count on knowing how the person died. The family member has to confirm that everything fits the autopsy. The crime of false reporting is not going to be nearly as bad as if you have to murder someone. You believe in an invisible god, and dismiss people who say they are trans? Really? |
| December 2nd, 2023 at 10:20:12 AM permalink | |
| Mission146 Administrator Member since: Oct 24, 2012 Threads: 23 Posts: 4147 |
Speaking of double taxes, are yourself and the corporation the same legal entity? "War is the remedy that our enemies have chosen..let us give them all they want." William T. Sherman |
| December 2nd, 2023 at 1:08:43 PM permalink | |
| kenarman Member since: Oct 24, 2012 Threads: 14 Posts: 4519 |
Mission here is a scenario to help show that there is at least some validity to the double taxation idea. Let say you own 100% of the shares of Mission Corp that owns your business. Every year on the year end of Mission Corp you have a decision to make on what to do with that years profits. You can leave them in the business as part of your operating capital and Mission Corp will pay taxes on that profit. Alternately you could pull 100% of the profit out as wages and Mission Corp would have no profit and not pay any taxes and you would pay taxes on your wages. If you decided to leave the profit in the company and pulled it out the following year as a dividend that same money would end up being taxed both years. "but if you make yourselves sheep, the wolves will eat you." Benjamin Franklin |
| December 2nd, 2023 at 1:43:03 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18212 |
Ain't the question. The income was taxed already. The legal entity is for limited liability and ease of buying and selling shares of the entity. You really are dug in on a losing position here. The President is a fink. |
| December 2nd, 2023 at 2:25:34 PM permalink | |
| rxwine Member since: Oct 24, 2012 Threads: 189 Posts: 18762 | question of the day: when did they start taxing dividends? You believe in an invisible god, and dismiss people who say they are trans? Really? |
| December 2nd, 2023 at 2:55:53 PM permalink | |
| Tanko Member since: Aug 15, 2019 Threads: 0 Posts: 1988 |
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