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Non-Tech : Secret Squirrels hit!
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To: Trumptown who wrote (6417)9/10/1999 8:54:00 PM
From: Lola  Read Replies (1) of 12872
 
Can I suggest another solution to your tax problem?

I don't know what it's like in the US but in Canada corporations pay a much lower tax rate than individuals do.

I do most of my non retirement account trading through my corporate accounts. If you incorporate a company (which is alot cheaper than paying a alot of tax) you pay a much lower tax rate than if you file your gains as an individual.

For me it means the difference between paying almost 50% tax (yes only in Canada) or paying less than 25% tax as a corporation. It's cool and it's not even that hard but you do have to incorporate the company. There is a ceiling for how much you can make as one corporation and pay only up to a certain percentage and then it goes higher. So I have 2 companies that are incorporated (I didn't just make them up . . . they're actual companies that do real business).

I can make quite a bit of money before I have to scream about the taxes. Actually I still scream anyway.

Lola:)
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