In this episode, Dr. Friday explains the tax advantages of C corporations, especially for small businesses. She highlights the 2017 tax law changes that reduced corporate tax rates from 35% to 21%, making C corporations an attractive choice. She also discusses the benefits of investing in small C corporation stocks, which can offer tax-free gains if held for over five years. Tune in to learn how these strategies can help grow your wealth.
Transcript:
G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment.
C corporations. Now, back in 2017, that’s when the tax law came in effect with Donald Trump, and he moved it from like 35% down to 21% tax, which made corporations to be a very viable situation, especially for small business, because it’s considered a small business stock, which means that if you’ve invested in a small C corporation, and you’ve held it for five plus years, and now you sell that stock, you may not pay any taxes on the gain of that stock. There is some wonderful ways of helping to grow your money if you understand how to do it. 615-367-0819.
615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.