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Worthwhile for the individual. The business itself pays tax on the net, but the individual pulling money out of the business receives income and must pay incom
by sicp-enjoyer 4y ago
Worthwhile for the individual.
The business itself pays tax on the net, but the individual pulling money out of the business receives income and must pay income tax AND the additional social security tax.
Alternatively, if it's cash only, they receive 100% of the cash and skip all that.