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Yeah, it's called double taxation: https://www.investopedia.com/terms/d/double_taxation.asp https://www.investopedia.com/terms/d/double_taxation.asp If you own
by everdev 8y ago
Yeah, it's called double taxation: https://www.investopedia.com/terms/d/double_taxation.asp https://www.investopedia.com/terms/d/double_taxation.asp
If you own a C-Corp, you pay taxes on the profits of the business, plus whatever you pay yourself.
Not too surprising that businesses use every loophole to not pay taxes. Individuals have fewer loopholes but they still do exist.