This is incorrect, the profits are not taxed as capital gains, see my above post. Only time you get taxed on profits as capital gains is when you make the mista

This is incorrect, the profits are not taxed as capital gains, see my above post. Only time you get taxed on profits as capital gains is when you make the mistake and take distributions in excess of your basis in the company, basically a rookie mistake, and then you get taxed cap gains on the amount in excess, and it's a double tax :(