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S Corp profit is pass through, so you pay taxes on it. But it is not employment income, so no self-employment tax on top of regular income tax. https://www.inv
by sgc 5y ago
S Corp profit is pass through, so you pay taxes on it. But it is not employment income, so no self-employment tax on top of regular income tax.
https://www.investopedia.com/terms/s/subchapters.asp https://www.investopedia.com/terms/s/subchapters.asp
- throw1234651234 5y agoPicking a random comment to reply to since all of these are good answers - thanks everyone!