Isn't that LLC the same the thing that Warren Buffet done for his company for the purpose of taxes? I read somewhere that he paid himself from the LLC about 12k and the rest he paid his expenses through the LLC.
0% and 15% is currently the rate for long term capital gains....18% used to apply under the Clinton era where 5 year 18% or 8% rate applied depending on your tax bracket...
then came Bush rules applied to "sunset" which installed lower capital gains rates to 0 and 15% and got rid of the 5 year rule of 18% or 8% (depending on tax bracket)
Next comes Obama who looks to up the rate to 20% and re-install the 5 year 18% and 8% rate (depending on the tax bracket)...
yes the profits of stocks held less than a year are treated like ordinary income....
And no LLCs are not some "magic" tax shelters unless you are a criminal who likes to perpetrate fraud...maybe you are thinking of offshore accounts (where it is okay to have money in BUT illegal to not report the income etc..)
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