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To the guy who thinks you get double taxed,
Corporations only pay taxes on PROFITS. This is why your tax collector does NOT want you to incorporate. When you pay yourself, that money is NOT taxed to the corporation. Only taxed on you.
So if you buy a 'fleet' vehicle with corp. money you are not taxed on that money (except sales tax of course). If you bought the vehicle as a private person, you would have payed taxes on the money before the car is purchased (or after in theory since we file at the end of the year and are liable at the end of the year). So you will have less money available and therefor, less car too.
As someone said earlier, you can leave unspent money in the corp. or invest in into real estate and not have to pay taxes on it until you sell the real estate. Or take it another step, sell the real estate and then reinvest the money is a more expensive piece of real estate and not have to pay taxes on it (at the sale date of the 1st property).
Now take it another level up... Buy rental property. 4 or 5 units per property. Now you make a profit from the property even though you haven't sold it. Now you will be thinking like a rich person.
Get Rich Dad, Poor Dad. It is a good book to start out thinking like you are rich (and eventually becoming so)...
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