I totally agree with the idea of the one below you, I believe taxes is a much complicated issue and it is not that easy as your friend suggested.
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QUOTE (jessandy @ Oct 22 2009, 06:09 PM) I thought it was generally the other way around...that active income was taxed more than passive...
Whatever the case, after listening to the tax discussions on incorporation at the REIN meeting, the answer is always "it depends..."
probably, it depends...