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The service portion of the payment, deductible.
The dividend portion, not deductible.
But the dividend ISN'T being paid. A fee to another IS. Get it yet?
THE COMPANY DOESN'T WRITE THE CHECK.
For a one per center you know very little about corporate taxation. Dividends are a distribution of a corporation's earnings to its stockholders. Dividends are not considered an expense of the corporation and, therefore, dividends do not reduce a corporation's net income or its taxable income.
Except when a benefit company pays the dividend to the investor. The entire proceeds paid to a benefit company are fully deductible. Think about it. The company doesn't directly pay the investor, the company pays another company.
Absolute BULLSHIT!
A benefit corp is one which is chartered to enable community and environmentally minded business owners to preserve their social goals without sacrificing the ability to make a profit. They do not exist to nor can they receive untaxed profits from other corporations to be paid out to shareholders as dividends. You are without doubt the dimmest poster ever to infest this board yet typical of the lying sludge we call liberals and are the poster child for the old axiom: When in over your head, STOP DIGGING, stupid!
I NEVER wrote 'benefit corporation,' I wrote Benefit company. The last two dividend checks I received were written on/by Bank of America and JPMorgan Chase Securities. The company pays the securities company, deducts the cost as a legal deduction and the securities company distributes the dividend.
Those assholes deserve every bit of it. They elected the left wingers because they promised they could keep all their free shit and the Germans would pay for it. Fuck them. They created that hellhole and now they get to live in it. Greece has always been the model for Western culture. Now they can be the model for what not to do.
Greece vested before the problem. The $600 Trillion dollar derivatives world economic crash was American Republican caused. Why do you think Bush, Cheney, and Gramm can't travel to Europe.
Think about it. If voted for Bush, should you make that known and travel to Europe?
notice how robert the right wing Supreme Court justice gave us gay b******* when who gives a f*** about that but every time the law has something to do with corporations vs people the corporations winShut the fuck up, asshole. You are literally one of the biggest clowns on this board. Take this and shove it down your throat.obviously you don't know s*** about the rest of the world. typical AmericanThey dont pay taxes when they flee the country. Which is what happened. The middle class got impoverished by Chavez' absurd socialist policies.Or when the rich dont pay taxes.Wow,. Yeah, great achievements. He turned a prosperous country into another socialist shit hole where people riot to buy toilet paper. They kicked out all the people with assets who knew how to do business and substituted a bunch of party apparatchiks without a clue. The result is an economy in freefall, starvation, misery and death. That is the end result of socialism everywhere and every time.Oh jesus christ, are you really that blind? The achievements of hugo are evident, all Hugo did was take oil profits and invest them into social programs, unlike what the venezuelan leadership was doing previously, (Keeping the oil money for the upper classes) the economy there would have tanked either way with the oil prices. Now, poverty is reduced, healthcare is better for the majority, people aren't starving..
Facts scare you, don't they? Well, regarding your earlier comments, which one are you talking about?
http://www.nytimes.com/2008/01/23/world/americas/23iht-23florida.9440922.html?pagewanted=all
well you could raise taxes on the poor and it aint gonna do s*** damn to the debt either dummyI found this hilarious cartoon detailing this issue..grease like the United States is going broke because the rich are not paying their fair share of taxesAnd the Grexit I predicted back in January comes one step closer. What did those assholes think? They could stick their thumbs in Europeans' eyes and say fuck you but still continue to get bailout money? I dont think so.
Greece and creditors fail in last attempt to reach deal - Yahoo Finance
You could take everything the Top 1% has and it still wouldn't pay off our debt ... Keep on pretending you have any answers worth listening to.
.
So a corp pays $1,030,000 to a "Benefit Company", intending $1,000,000 to eventually be paid to shareholders.
Why is that $1,000,000 deductible to the corporation?
When the "Benefit Company" pays the $1,000,000 to the shareholders, why is that deductible for the "Benefit Company"?
Yanno, I finally understand that your 1% Screen Name refers to your IQ which clearly is 1% of the American average IQ. There is no workaround for escaping the tax on dividends paid by American corps. None. If a corp wants to pay dividends it must first pay taxes on those profits whether it pays you directly or ships the after tax profits off to an intermediary. Period. That you think a check drawn on a bank is proof that corp taxes were not paid you are truly a 1/2%er and I'm being generous. Frankly, trusts don't pay dividends but rather distributions and they do so after paying taxes on gains. Your continued exhibition of ignorance in America's tax system reveals the lack of veracity in pretty much everything you post.
Wow. Just Wow. I can't believe they let flaming loons play with computers. Really.
So a corp pays $1,030,000 to a "Benefit Company", intending $1,000,000 to eventually be paid to shareholders.
Why is that $1,000,000 deductible to the corporation?
Because the check wasn't written to a dividend receiver. When was the last time you received a dividend check from the general account of a company you had stock?
When the "Benefit Company" pays the $1,000,000 to the shareholders, why is that deductible for the "Benefit Company"?
It's not. It's in an escrow account.
Wow. Just Wow. I can't believe they let flaming loons play with computers. Really.
Bush, Cheney, and/or Gramm traveled to Europe recently?
let me explain to you assholes what is happening in Greece. the Greek people have to start pain there fair share of the taxes. when every 3 does not pay their fair share of taxes of course the government goes from. same thing happened in America when you send all the jobs overseas lower taxes on the rich and cause a recession you going to shift the tax burden onto the masses from the Rich you should be paying their fair share
Yanno, I finally understand that your 1% Screen Name refers to your IQ which clearly is 1% of the American average IQ. There is no workaround for escaping the tax on dividends paid by American corps. None. If a corp wants to pay dividends it must first pay taxes on those profits whether it pays you directly or ships the after tax profits off to an intermediary. Period. That you think a check drawn on a bank is proof that corp taxes were not paid you are truly a 1/2%er and I'm being generous. Frankly, trusts don't pay dividends but rather distributions and they do so after paying taxes on gains. Your continued exhibition of ignorance in America's tax system reveals the lack of veracity in pretty much everything you post.
If the company didn't pay the dividend holder directly, where is the proof that the company paid a dividend?
Because the check wasn't written to a dividend receiver.
1) And it's not for a business expense. Not deductible.
It's not. It's in an escrow account.
2) If a payment directly to the shareholders is not deductible, a payment to an escrow account for the benefit of the shareholders isn't magically deductible either.
Wow. Just Wow. I can't believe they let flaming loons play with computers. Really.
Bush, Cheney, and/or Gramm traveled to Europe recently?
I did not and as of this post I am unaware of any evil that may await me there.
Because the check wasn't written to a dividend receiver.
1) And it's not for a business expense. Not deductible.
It's not. It's in an escrow account.
2) If a payment directly to the shareholders is not deductible, a payment to an escrow account for the benefit of the shareholders isn't magically deductible either.
1) Sure it is.
2) Because the payment is being made to an escrow account. The benefit company places it in escrow.
My Daddy told me never to argue with a raging idiot because they drag you down their wabbit hole and batter you with their experience. You clearly can't admit you don't have a fucking clue but that's OK ... it's embarrassingly obvious.
Sure it is.
No it isn't. It's not a business expense.
Because the payment is being made to an escrow account.
Show me where the IRS says a dividend payment placed in an escrow account is deductible.
My Daddy told me never to argue with a raging idiot because they drag you down their wabbit hole and batter you with their experience. You clearly can't admit you don't have a fucking clue but that's OK ... it's embarrassingly obvious.
If you don't understand what I'm writing, your Daddy never taught you to be wealthy. Sad.
Sure it is.
No it isn't. It's not a business expense.
Because the payment is being made to an escrow account.
Show me where the IRS says a dividend payment placed in an escrow account is deductible.
The company doesn't place the funds into an escrow account, BofA (as an example) does.
Again. How many dividend checks have you received were written from the general account of the company you had stock? None? Ever wonder why?
