Quote:
Originally Posted by nation-x
I tried to edit my last post, Ray. I wanted to point out to you that there is more to that double taxation argument than meets the eye. Dividends paid by corporations to their stockholders are not a deductible expense, however, what they do from an accounting perspective is to reduce Retained Earnings. Retained Earnings are defined as accumulated profits and losses since the company became incorporated minus dividends that have been paid.
|
Educate me and explain how that matters.
It's taxed once when it's earned and taxed again when someone actually gets their hands on it, whether that's immediately or whether it's retained for a few periods first, right?
I'm the sole stockholder in RMEE Inc, so if there's something I'm missing here that affects the taxes that have to be paid (eventually) I'd appreciate the education.
__________________
For historical display only. This information is not current:
support@bettercgi.com ICQ 7208627
Strongbox - The next generation in site security
Throttlebox - The next generation in bandwidth control
Clonebox - Backup and disaster recovery on steroids