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Hi Ben,
If you read my previous message, I think you will see that I did not write
the sentence you quote. I do not pay taxes, neither do I resort to other
expenses to alleviate taxes. I pay nothing (legally), period!
All the best,
Gram.
-----Messaggio originale-----
Da: Proffittak@xxxxxxx <Proffittak@xxxxxxx>
A: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Data: 24/06/2000 19:37
Oggetto: [RT] Re: I: 60/40 taxes, corporate passthrough
>In a message dated 6/24/00 1:00:39 PM Eastern Daylight Time,
gramario@xxxxxx
>writes:
>
><< I trade in an account owned by my corporation. We've done all our
> >business ventures under this corporate umbrella, which has allowed us
> >to play some useful tax games. But I wonder if it's the wrong
> >approach for trading. It's an S-corp, so it pays no taxes -- all
> >profits flow through to me as salary/dividends. So since I receive
> >it as salary/dividends, does that mean I don't qualify for the 60/40
> >treatment?
> > >>
>Hello
>if you are an s corp. there is a legal way to eliminate your
personal
>and corp. tax
>you start a corporate pension plan
>allowing you to put as much as 25% of salary+dividends and if you
are
>over 40
>as much as 50% of salary and dividends
>you can invest the money with fidelity vanguard rydex etc.
>the name of the 2 plans are a defined contribution pension plan
>and a defined BENEFIT pension plan
>the prototype is FREE from any major mf or brokerage firm (pension
dept.)
>the administration is done by CPA or actuary (for defined benefit)
>and i am sure your accountant NEVER told you about this!
>there are OTHER ways too to save on your taxes too
>best regards and be FREE of tax
>nice weekend
>Ben
>
>
>
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