#11
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Re: poker incorporated: not your typical tax post
Do not forget that (IIRC) corporations must pay tax on profits, so any money that you have for dividends will be taxed first as corporate profit, and then taxed again when you pay yourself as a dividend. My gut feel is that this approach will not save you money in taxes, and may even cost you, but you really should ask a tax pro....
HTH, The Wolf |
#12
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Re: poker incorporated: not your typical tax post
i would suspect that it has something to do with "providing the game" since they're not "playing" in a real sense. in craps, for example, they simply hand you the dice, provide a board, and distribute the money appropriately.
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