The taxable portion of a RMD is subject to Federal
taxation at ordinary income rates.
Not exact matches
So, a divestment of his specific blend of ownership assets and deferred liabilities would trigger not only a huge tax bill, but, also result in the
taxation at ordinary income tax
rates.
You could incorporate in Nevada or Bangladesh, and California will still levy its
taxation on any business
income (Single Member LLCs are disregarded as separate corporate entities, but still taxed
at ordinary income rates on the personal
income tax basis).