Page 4 - Cc Corps News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Like he's overhauling taxes, sounds like that would be concur rents. are you of that opinion as well,you shouldn't do the corporate thing and then address the individual rate? >> i think you have to do it all at the same time. the vast majority of my constituency, it's a pass-through cstituency. i have a lot of llcs and c corps. the motion of me going back say, we took care of the corporate guys but we're going to get you on the next helicopter is unacceptable. we have to do it all at once. >> neil: a lot of those individuals pay at the individual rate. so their rate -- if corporate rates that...

>> i think -- she may be right. look, this is complicated. we've had wealthy people run before. and often if they get to a position of power, they've got to liquidate. that usually means selling off stocks. it doesn't mean selling off one's family business that they've worked on for 30 years. and he has over 500 different businesses, llcs, s corps, c corps, and it would be difficult to sell. this is something we have to live with and work through. i think what donald trump could help himself with is transparency. and one of the things he has not been transparent about is his taxes. and if peop...

Pay yourself a salary when you have some traction, you have revenues, you can meet all your other expenses. the real question is here is do you pay yourself the minimum to cover your living expenses or what you're worth. i think investors like to see some kind of flexibility here, like maybe build in a ratchet up system so if you meet certain milestones and numbers you pay yourself more and if the business is flailing, you pay yourself less so i think that's important also, consider your structure, c corps, llc or sole proprietorsh proprietorship, certain tax implications go into drawing a sal...