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Originally Posted by slapass
The other thread about being over $150 canadian prompted this. What are the best things to do in the US? I have a LLC which does almost nothing for me. Once you get over $125k, they start phasing out everything. Real estate, mtge deduction, health care etc. So what am I missing. Yes I have a tax accountant and tax attourney. So far they say pay up.
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I'm no authority in this, so this might be coming straight from my ass. Take it with a big ol' grain of salt.
I was given to understand that dividend income was no longer going to be taxed federally, or at least it'd be taxed at a far lower rate than it was. Is this true?
If so, then perhaps you can issue dividends to yourself. I know that an LLC has certain limitations compared to that of a full corporation, but if you have the ability to issue share families, it might be worth it to issue yourself shares and pay dividends on those shares. It certainly pays off biiiiiiiiiig up here.
