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ChuckBits

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ChuckBits

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Re: RyGuy post# 13208

Wednesday, 07/12/2017 5:00:38 PM

Wednesday, July 12, 2017 5:00:38 PM

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Wouldn't the NOL work more like our "mortgage interest deduction" on a personal return?

So if his corporation has revenue of $50 million & he pays a 30% corporate tax, he deducts 15mil from the 50mil & pays tax on 35mil. In this example, he "only saves" $4.5 million dollars.

I'm not a CPA & have no idea, but even in this case he at least doubles his "investment" in the RVUE shell, right?

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