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Old 08-13-2005, 11:47 PM  
slapass
Too lazy to set a custom title
 
Join Date: Nov 2002
Location: Earth
Posts: 14,625
Quote:
Originally Posted by rickholio
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.
Yep, it is taxed much lower. I would need to change to a normal corporation to take advantage of it. Thinking of doing that.

And guys thanks for that other stuff. I need to get my act together on this.
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