If you paid out the profit of the corporation as a dividend, and you have owned the corporation for a long time* so those are “qualified dividends” in the US, a

If you paid out the profit of the corporation as a dividend, and you have owned the corporation for a long time* so those are “qualified dividends” in the US, and your ordinary income tax rate is 30%, then you only pay 15% tax on those dividends. That leaves you with $68k, or only slightly less than the other scenario. (The required holding period is 60 days during the 121-day period that begins 60 days before the ex-dividend date.)