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Based on your math, there is more than enough headroom to do this then, right?
by ghshephard 12y ago
Based on your math, there is more than enough headroom to do this then, right?
- kondro 12y agoYes? My math was very naive (no tax impacts positive or negative) but even if he phased in the change on day one (as opposed to the 3 years he is planning on), it would move his $2.2m profit (assuming that is before tax) to $1.6m. As the only (majority?) shareholder, wouldn't that be sufficient to live comfortably off… assuming stagnant growth? [edit: sorry, my above comment was meant to originally be posted to the parent, rather than the comment I posted this too… if only I could reassign it!]
- harmegido 12y agoI'm pretty sure you folks are arguing in the same direction.
- kondro 12y agoWhoops, sorry, I meant to post the above under the parent, not your reply.