#10 IRA Required Minimum Distribution Rules

List of screwy income tax provisions – #10  IRA Distribution Alert!  Required Minimum Distribution or “RMD rules” If you turned 70 1/2 this year and have funds in either one IRA or several IRA accounts you need to spend some time studying this really screwy but deadly tax provision. Required Minimum Distributions (RMDs) generally are…

Corporate Tax is Obsolete

Ever since the Hudson Bay companies, corporations have been in our life.  They began and continue to be a method for accumulation of capital by investors who wish to create a new company, finance a venture and launch new ideas.  They never were intended to be taxable entities.  Unfortunately our government insatiable appetite for money…

Zero Corporate Taxation

You can hardly pick up a paper without seeing articles about whether corporations are paying their fair share of taxes or are they avoiding taxation with offshore locations and companies.  Look at the recent brouhaha about Burger King. Also, you can argue endlessly about what is the effective percentage of tax really paid by corporations,…