How is this any different then me being forced to pay taxes on “profit” my S corp made, without me ever seeing a dime?
Even being made to pay taxes on Mutual Fund “Capital Gains” is total BS.
Even being made to pay taxes on Mutual Fund “Capital Gains” is total BS.
You are the S corp. S corp can’t make profit without you “seeing” it. Either profits are taxed or they are not. S corp is not a tax shelter. C corp pay taxes and individuals pay taxes. S corp is to avoid double taxation of corp profits by not taxing corp AND profits paid to shareholders.