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you dont pay SS tax but you pay two income taxes. Regular corporate income tax then personal income tax on any distributions.
by triviatise 15y ago
you dont pay SS tax but you pay two income taxes. Regular corporate income tax then personal income tax on any distributions.
- veyron 15y agofor a C corp the income taxes are deductible up to a reasonable amount (so its not quite two full income taxes). At a small level, it may more sense to make salary payments rather than dividends (depends on the scale) last i recall, pub 535 discussed this