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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (1734)	1/5/1999 5:31:00 PM
From: Investor2	Respond to of 5810

RE: "If it is a "C" corporation, I believe that dividends can be received tax free eliminating one level of taxation." I believe you are thinking of an "S" corporation, where the profits are only taxed once. Dividends from a C corporation are subject to "double taxation," since the company pays taxes on the profits at the corporate tax rate and then the stockholders also pay taxes on the dividends at their individual tax rates. Best wishes, I2

To: Carl R. who wrote (1734)	1/9/1999 3:55:00 PM
From: Leo Yohan	Read Replies (1) \| Respond to of 5810

Nice to see you again. It's been over a year since your last post to the TRKN thread. Message 2406005 I could not post for the past year, because I sprained my wrists patting myself on the back for having predicted the demise of Trikon after analyzing the company. Wasn't TRKN about $12 and was going up? After it's demise, TRKN traded down to 1 cent and change, low even for a bankrupt company. Amazing how the fundamentals will eventually catch up with a company no matter how the company spins its story. Greg Campbell a man of great talent and ambition. His downfall came from wanting to be a visionary, but failed to do adequate due diligence on the slick Englishman-Dobson. If it is a "C" corporation, I believe that dividends can be received tax free eliminating one level of taxation. No. That's S-corp. However, I vague remember one can not use S-Corp to pass through passive income (including capital gain on stocks) in this situation. if an LLC might help pass through the income? LLC may work, but it may have the same problem as S-Corp outlined above. Problem with LLC is that it has not been adequately tested in courts, both of for limited liability and for income pass through. Since you are more familiar with the tax code than I am If I am, I am only a little bit less totally blind than you are. It's too complicated for average accountant to understand, not to mention laymen like you and me. I have not posted much, since I was chased out off the Applied Magnetic thread by a lynch mob. It's futile to try to use SI for intelligent discussion among reasonable people. Scum stock operators and lynch mobs roam free in SI, (probably worse in other forums, but I wouldn't know). Many SI members just want to hear themselves talk, through someone else's mouth. Many seem to think they can get their stocks to go up, simply by viciously attacking people with dissenting opinion. No matter how well reasoned the dissenting arguments are, and how polite the dissenting opinions are presented. My foray in the Applied Magnetic thread was rather brief. One day in the summer of 1997, when APM was in the low twenties, APM had just "missed" the quarter, and even the cheerleaders were doom and gloom. I posted my analysis of the company and the industry. I predicted that APM would be in the high 30's in a month, and possibly higher later depending on whether APM could extend its TFI heads for another 2 generations. People on the thread said it was the best analysis of the companies situation and referred others to my post to learn about the company. A month later APM reached high 30's and I sold. I posted my 2nd message, 3 months later. APM was still in the high 30's. However, based on publicly available information, it was clear that APM's customers were having seriously quality problems with APM's 1.7GB generation of TFI heads. APM CEO--Crisman even personally called up some on the thread to subtly inform the thread of the problem producing TFI heads. The thread chose make wildly bullish interpretation of these messages. For any one who have the slightest understanding of the company (such as myself), these problems meant disaster for APM, and possible subsequent demise despite an excellent balance at the time. Furthermore, at the same the stock market was looking wobbly. A guy on the APM thread who had $4 million of APM on margin, was asking for advise. I advised him to get rid of all margins, and sell at least some of his APM and put it in U.S. greenback. I stated that the APM story had changed, and that the stock market was getting dangerous. The force of the lynch mob was immediately unleashed upon me. Not a single person asked me why I thought the APM story had changed, and the market was getting dangerous. I quit the APM thread. APM and the market almost immediately started their steady decline, culminating 3 weeks later in the October crash of 1997. APM, the stock, declined 13 fold over the ensuing year. I went back to the APM thread after the decline. It was full of vicious criticism and personal attacks of the CEO. I was thinking of writing a post defending the CEO, but chose not to for fear of the lynch mob. In my opinion, Crisman is a good CEO, but just dealt a bad set of cards. He did better with the cards dealt better than many would have. What is most impressive was that he inform the thread of the problems (via SI participants as messengers), BEFORE he told the ANAL-ysts? Who else would watch out for the little guys? The fact that the thread chose to make ridiculously wildly bullish interpretation of his warnings is not his fault. Anyway, getting back to the topic of this thread, I think the experts on this thread either don't know or don't care about the questions I posed.