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Results tagged with Search options user 6472

For any question related to taxes and not otherwise covered by a more specific tag such as income-tax, sales-tax, etc. Whenever asking about taxes, please also specify a country tag such as united-states, canada, united-kingdom, etc.

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easy way to understand how to figure out the minimum I should pay out in dividends such that I don't have to pay taxes on the profits as ordinary income? Specifics: Business Income before Expenses … : $15,000 Payroll Paid: $7,000 Employer Taxes & Other Expenses Paid: $3,000 Remaining Credit Card Balance: $2,000 Does this mean I need to pay out $5,000 in dividends in order to avoid the tax on the profits? If I am not making any sense, please enlighten me... I'm learning all of this stuff as I go! …
asked May 29 '12 by Ryan Ferretti