We're saying the exact same thing. "Income passes through the members" = members pay income taxes = federal + states + self employment tax = +%50 if your income is $1 million. You can eventually avoid the self employment tax filing as an S-corp.
"that's not going to happen if you want to rely on the systems those taxes pay for in the US.". That's what I'm saying, there's no way around it besides the republicans tax reform.
"spread income over multiple years". That's what someone mentioned already.
Am I still not informed? Should I need better tax advise?
Waiting for Republican "tax reform" is like watching Lucy hold the football for Charlie Brown. If you are holding off managing your business cash flow until this "tax reform" is set in motion…you are going to be waiting a very, very long time.
Comments
We're saying the exact same thing. "Income passes through the members" = members pay income taxes = federal + states + self employment tax = +%50 if your income is $1 million. You can eventually avoid the self employment tax filing as an S-corp.
"that's not going to happen if you want to rely on the systems those taxes pay for in the US.". That's what I'm saying, there's no way around it besides the republicans tax reform.
"spread income over multiple years". That's what someone mentioned already.
Am I still not informed? Should I need better tax advise?
Yes, you need better tax advice.
Waiting for Republican "tax reform" is like watching Lucy hold the football for Charlie Brown. If you are holding off managing your business cash flow until this "tax reform" is set in motion…you are going to be waiting a very, very long time.