Saturday, November 20, 2004

A way to avoind ANY Taxes

The recent story about how the Bushies want to do away with dividend and capital gains taxes got me thinking.

If you were a person working for a corporation (or if you had your own corporation), could you simply request to be paid in stocks, which you then sold, creating a capital gain and not old fashioned income?

This could become a way for those in the right situations to avoid any taxes on their income.

I'm no accountant, but it seems like a big fat loophole if it ever passes.

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