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If you're employing people in lower tax brackets that might save a little bit of money if they funnel it back to you. But I don't generally hear about that tact
by whamlastxmas 7y ago
If you're employing people in lower tax brackets that might save a little bit of money if they funnel it back to you. But I don't generally hear about that tactic. It would be more relevant if you were wanting to bleed a not for profit entity where there are legal caps on the types of income executives can make.
The classic tax dodge is the $1 salary and getting taxed at capital gains rates instead
- Gibbon1 7y agoBack when top marginal rates were 70% And corporate/capital gains taxes were also high. It was a classic thing.