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But then, the founders / presidents would need to pay income-tax on their salaries. The only benefit in this arrangement is that sops given to individuals might
by hrjet 12y ago
But then, the founders / presidents would need to pay income-tax on their salaries. The only benefit in this arrangement is that sops given to individuals might be higher than that to companies.
- TylerE 12y agoIt stops it being taxed twice - once as corporate income and once as personal income.
- nknighthb 12y agoWhat are you talking about? Six-figure salaries would never be taxed as corporate income in the first place. Compensation up to a million is a straight-up deduction, no questions asked. You don't need to be a tax-exempt entity to avoid corporate income tax on them.