GlockTalk Forum banner

21 - 28 of 28 Posts

·
Registered
Joined
·
74,456 Posts
Yep... Off-shore accounts, and money-laundering schemes up the wazoo...

Heck, his wealth STARTED with money laundering... o_O

.
Washed through the Clinton Foundation?
 
  • Like
Reactions: JFrame

·
Registered
Joined
·
18,127 Posts
Slush fund.
 

·
Registered
Joined
·
264 Posts
It is the opposite. An S corporation election treats the corporation as a passthrough organization for income tax purposes. It converts corporate earnings to personal income. S corps don't have federal taxation at the corporate level. Each shareholder reports his/her proportional share of the corporate earnings on their personal income taxes. Then corporate dividends can effectively received tax free.

Not that it matters, but I am a CPA (I don't practice public accounting, however).
Thanks for the correction, and your explanation really helps with my
mis-understanding. Any day that goes by that I don't learn something is a wasted day. Today is not wasted.

Derald.
 

·
Registered
Joined
·
951 Posts
Cayman Islands bank.
 

·
Registered
Joined
·
15,332 Posts
Of course he moved his assets offshore. He needs to protect them from confiscation when he’s arrested
 

·
Sarcasm Inc.
Joined
·
15,074 Posts
His crooked nature is coming out to the public. Maybe he has had to pay of some of the people he has Groped:eek:uttahere:
 
21 - 28 of 28 Posts
Top