SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Who Really Pays Taxes?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: c.horn who started this subject1/8/2003 10:00:24 AM
From: John M. Willis  Read Replies (2) of 666
 
What's to stop an aggressive accounting team from setting up a corporation for the purpose of paying out tax free dividends? IE X (who recently made $100 million in capital gains) has sets up corp Y by selling $100 million worth of stock(to himself) which immediately pays out $100 million in dividends. Y is now a worthless corp leaving the purchaser of its stock with a $100 million tax loss and $100 million in tax free earnings. Net result, never pay taxes on capital gains or dividends.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News