how do I get into the Romney tax program?

N

noob_trad3r

Those short term trade taxes are expensive.

IT is said he has some kind of corporation he gets paid a dividend.

So can I just create some kind of corporation, buy "Shares" in it and they just pay myself a dividend taxed at 15% from my options/trading money?
 
Quote from noob_trad3r:

Those short term trade taxes are expensive.

IT is said he has some kind of corporation he gets paid a dividend.

So can I just create some kind of corporation, buy "Shares" in it and they just pay myself a dividend taxed at 15% from my options/trading money?
More...

sure,if you are billionaire...
 
I started a corporation back in 1984 and based upon my accountants advice, I paid myself and my wife in dividends. But when I later moved in 1987, I got a new accountant and he told me it was illegal to do that. Well the second guy was a graduate of the Wharton School, so I took his advice and paid myself a salary.

Good luck.
 
Found this interesting 4 page article. He definately was the Classic Gordon Gekko.

ie: borrowing against the company using the Pensions pools of the companies he bought, then using that borrowed money to pay himself a special dividend. Finally liquidation.

I do remember the 1980s was a period of Mass liquidation of companies.

The way he did the 401K trick was interesting, as explained.

http://www.vanityfair.com/politics/2012/08/investigating-mitt-romney-offshore-accounts
 
Quote from noob_trad3r:

Found this interesting 4 page article. He definately was the Classic Gordon Gekko.

ie: borrowing against the company using the Pensions pools of the companies he bought, then using that borrowed money to pay himself a special dividend. Finally liquidation.

I do remember the 1980s was a period of Mass liquidation of companies.

The way he did the 401K trick was interesting, as explained.

http://www.vanityfair.com/politics/2012/08/investigating-mitt-romney-offshore-accounts
More...

Thankfully someone competent running for office!
 
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