Sunday, December 14, 2008
Saturday, December 13, 2008
Something hit me
I went to Chilito today and I noticed something important. There I saw people having deep and meaningful talks about important alt things. Being a regular customer of Chilito I never noticed the many alts and their important/meaningful conversations until after reading hipsterrunoff.com. This is a good website to learn about new art/memes and their meaningful speak. I recommend it but there is a lot of nudity sometimes but nudity is important and meaningful as long as it is tasteful.
Anyway the website talked about how Austin is full of fake alts and how their conversations may not actually be meaningful. I didn't want to listen in on their conversations but now I am doubting the alt scene in Austin, further investigations may be required. This post is getting too long and may be considered a real blog post.
Anyway the website talked about how Austin is full of fake alts and how their conversations may not actually be meaningful. I didn't want to listen in on their conversations but now I am doubting the alt scene in Austin, further investigations may be required. This post is getting too long and may be considered a real blog post.
Why haven't I updated my blog...
c. Fringe Benefits
(1) are only available to EEs, including shareholders, but not to Ps
(2) allow deductions for a corp – group term life insurance, medical reimbursement plans, food/lodging during transportation
ii) Tax Reform of 1986 – made it clear that the corporation was a tax penalty device
a. Brought the tax rates way down for individuals
(1) so it made the accumulation and bailout strategy no longer applicable
you could get the money now and pay low rates, so why wait?
b. Created parity b/w self-employed and EE pension and Profit-Sharing Plans
(1) so now this was available in a Pship to Ps themselves
c. did away w/ accelerated depreciation – had to use straight line or schedule set out in the IRC
d. The Fringe Benefits were still there for corporations
(1) This is the last reason to incorporate
(c) So LLC s are the wave of the future
(d) Zeroing out
i) a way of reducing the corporation’s income to minimize the FIT that the corp has to pay and to avoid double taxation
(1) are only available to EEs, including shareholders, but not to Ps
(2) allow deductions for a corp – group term life insurance, medical reimbursement plans, food/lodging during transportation
ii) Tax Reform of 1986 – made it clear that the corporation was a tax penalty device
a. Brought the tax rates way down for individuals
(1) so it made the accumulation and bailout strategy no longer applicable
you could get the money now and pay low rates, so why wait?
b. Created parity b/w self-employed and EE pension and Profit-Sharing Plans
(1) so now this was available in a Pship to Ps themselves
c. did away w/ accelerated depreciation – had to use straight line or schedule set out in the IRC
d. The Fringe Benefits were still there for corporations
(1) This is the last reason to incorporate
(c) So LLC s are the wave of the future
(d) Zeroing out
i) a way of reducing the corporation’s income to minimize the FIT that the corp has to pay and to avoid double taxation
