Annual Taxes - Humor In The Drudgery: Difference between revisions
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Revision as of 01:50, 9 October 2026
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A C Corp pays tax according to its profit for anjing 2011 and then any dividends paid to shareholders furthermore taxed. Hence the term double-taxation. An S Corp however works differently. The S Corp pays no tax on profits. The gain flows right through to the shareholders who then pay tax on that money. The big difference significant that the 15.3% self-employment tax does not apply. So, by forming an S Corporation, small business saves $3,060 for 4 seasons on income of $20,000.
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