Quote:
Originally Posted by Locke
Most likely, but I'm willing to take some time out of my work day to do a free 'quick and dirty.'
Even if it was dividend you've still got corporate tax paid on that and you're still looking at those rates.
The whole point is: if you dont leave it in your company you're looking at similar ballpark numbers.
And I agree with Rouge. If I'm coughing up $50M a year and I can do it anywhere in the world I would certainly be doing it somewhere else.
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Except in this case, the corps are paying their tax anyway. It's just his receipt of the dividends that is affected here.
What's the current rate on eligible dividends now? 25%?
So roughly $25,000,000?