Re:Owner of a Credit Card Processor Is Setting a New Minimum...
by kondro on Tuesday April 14, 2015 @01:44AM
(#9372324)
Yes?
My math was very naive (no tax impacts positive or negative) but even if he phased in the change on day one (as opposed to the 3 years he is planning on), it would move his $2.2m profit (assuming that is before tax) to $1.6m.
As the only (majority?) shareholder, wouldn't that be sufficient to live comfortably off… assuming stagnant growth?
[edit: sorry, my above comment was meant to originally be posted to the parent, rather than the comment I posted this too… if only I could reassign it!]
My math was very naive (no tax impacts positive or negative) but even if he phased in the change on day one (as opposed to the 3 years he is planning on), it would move his $2.2m profit (assuming that is before tax) to $1.6m.
As the only (majority?) shareholder, wouldn't that be sufficient to live comfortably off… assuming stagnant growth?
[edit: sorry, my above comment was meant to originally be posted to the parent, rather than the comment I posted this too… if only I could reassign it!]