))
EP16 - Kon Tiki - IRS Subsidy for ESOPs
Manage episode 494639582 series 2803122
Content provided by Phillip Hayes and Jason Miller, Phillip Hayes, and Jason Miller. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phillip Hayes and Jason Miller, Phillip Hayes, and Jason Miller or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
On this podcast episode we reference the movie Kon Tiki, which documents the journey of a Norwegian scientist on a raft built with natural materials and proves the ancient peoples sailed to the Polynesia islands. The trip took 4300 miles in ocean currents without a motor. The podcast uses the concept of “wind in the sails” to review the tax benefits that ESOP companies experience.
Specifically, this episode dives into defining an S-Corporation ESOP, which means that either in part or in whole the ESOP-owned company has a permanent tax benefit given the income tax is exempt on both the state and federal level.
216 episodes
Share
