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6 Jul 2011, 10:00 am
Profits: $100,000 Corporate Tax: $25,000 ($100,000 x 25%) Dividend to David: $75,000 (what’s left after corporate taxes) Individual Tax on David’s Dividend: $18,750 ($75,000 x 25%) David’s After Tax Income: $56,250 Now assume XYZ Corporation is an S-Corp (or partnership or sole proprietorship, or LLC) Profits: $100,000 Corporate Tax: $0 (They pass-through on Schedule K-1 to me) K-1 Income to David: $100,000 Individual Tax on… [read post]
11 Sep 2016, 1:59 pm
"Rule No. 1 of associate raises is that partners do not pay for the raise. [read post]
