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All S-Corp earnings are passed through to individuals and taxed at individual tax rates. Corporate tax rates are for C-Corps.
by harryh 10y ago
All S-Corp earnings are passed through to individuals and taxed at individual tax rates.
Corporate tax rates are for C-Corps.
- 542458 10y agoNot under Trump's tax plan: > Right now, freelancers, sole proprietors, unincorporated small businesses and pass-through entities are taxed at the high personal income tax rates. [...] The Trump plan addresses this challenge head on with a new business income tax rate within the personal income tax code that matches the 15% corporate tax rate
- harryh 10y agoHuh. That's super weird. What's the difference between an S-Corp and a C-Corp then? I agree that this part of the plan is dumb (Trump proposes a dumb thing! News at 11!). I can't imagine that this part of the proposal will get anywhere.