PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Srexley who wrote (297868)	9/18/2002 10:43:01 PM
From: J_F_Shepard	Read Replies (2) of 769667

" I own a corporation and purposely bring the cash level down (through paying myself) so that I don't pay more than the $800 MINIMUM tax. Otherwise I am TAXED twice" If I understand correctly you're saying that you skim your companies profits by taking them as your personal salary and treating that as a company expense? This allows you to pay a lower personal tax rate than corporate tax rate which is 40%? Now where do you see double taxation as an issue and don't you , the super patriot, think you are being less than patriotic by skimming corporate profits?

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