thefed
Thinks s/he gets paid by the post
- Joined
- Oct 29, 2005
- Messages
- 2,203
Say I were to incorporate my business, and pay myself only dividends and no w-2 wages.
Is this possible? would this not effectively take advantage of the lower dividend tax rates for federal returns? What implications are there on the state and local level?
Just bumming out over the $$ I have to send my poor uncle sam in april
Is this possible? would this not effectively take advantage of the lower dividend tax rates for federal returns? What implications are there on the state and local level?
Just bumming out over the $$ I have to send my poor uncle sam in april