Getting paid

[Cassandra]

hmmm... very interesting... (rubbing chin)

If I paid this as salary instead of dividends, it wouldn't be double taxed, right? (If I understood what I read.) I know the company would have to pay payroll tax on it, and the employee (ME) would have to pay income tax on it. But the corporation wouldn't have to pay income tax on it. Is that about right? It isn't profit if it had to pay it to someone else, is it?

Cassandra

[Cassandra]

JUST?

Just a student? LOL WSG You have to be licensed to give peole money and advice. Oops. I need to be careful of that myself.

(looking at site)
C

[Cassandra]

P.S. If that's what you're studying to do, WSG, you'll probably be qualified to do it before I ever need it (or figure out what it is.)

Cassandra
of the Fiery Sword

[anfern057]

I'll do it for half of whatever WSG says he'll do it for.

Sorry Dan, business is business. haha

[Cassandra]

Wow! Look at these great deals I'm getting and I don't even know what it is!
(labeling shoebox "Shanghai Bonds")

w00t
Cassandra

[MDZ]

I am not sure on that Cassandra. I think that you are right on that one, but I am not positive. I do know, like you said, that the corporation would have to pay payroll tax on it, but I don't think it would be considered profit.

I guess if you are looking at this as away to avoid paying a dividend, it would probably upset the preferred share holders since you would be avoiding paying them anything. I bet that they would probably make you agree to something that says you won't make all of your money though payroll.

[Cassandra]

Good point. I would think of that if there were stock holders besides me.

C