Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (1713)	1/2/1999 10:36:00 PM
From: Leo Yohan	Read Replies (2) of 5810

?Personal Holding company tax for Bowtie-Harvey-Davidson-Biker Jimmie Roger & Roger's Holding. When Jimmie Roger makes his weekly apearance as CNBC guest host, his title is president of Roger's Holding. He is a full time investor extraordinare. Presumably Roger's Holding primary business if not its sole business is investing/trading. Wouldn't Roger's Holding be subject to personal holding company tax in addition to double taxation? I can see possible legal/logistic advantages of using a holding company to invest, but only if taxation is the same as without the holding company. With the triple taxation of personal holding company tax, corporate income tax, and individual income tax, there are only about 15% left for the investor if there is a gain (if he does not pay out all gains in the same yr), and no deduction if there is a loss. I understand S-corp can not be used for pass through of investment income in this situation. Jimmie Rogers would not choose to pay 85% tax, when he can pay 50% tax. Therefore, obviously, I am missing something. Any thoughts? For those who don't like public speaking, private message response is appreciated.

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