Why Nostr? What is Njump?
2025-04-18 14:33:47
in reply to

chriso 🇺🇸🥩🇦🇺🦘 on Nostr: As you are aware, c corporations have the problem of double taxation. The corporation ...

As you are aware, c corporations have the problem of double taxation. The corporation pays tax at federal rate of 21% and then you pay a tax rate of up to 37% on “dividends” that the owner with draws.

But it would seem logical that if you’re holding BTC and trading short term, the corporation is saving some tax. Then if you take a salary rather than a dividend, you will reduce your corporate income and the salary would be taxed at whatever rate you individual tax rate happens to be.

Obviously each tax scenario is different and depends on lots of factors. But given the right scenario, you may be better off than you think if gains are short term and held inside the c corp.
Author Public Key
npub147wy3decmxy3vs9u4nse80ha7nkcydt7zdge8lc9gk8ddglh4t6qudjwdr