Learn On How A Tax Attorney Works: Difference between revisions
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Revision as of 21:27, 27 September 2026
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Hence the term double-taxation. An S Corp however works differently. The S Corp pays no tax on profits. The net income flows by way of the shareholders who then pay tax on cash. The big difference extra that the 15.3% self-employment tax doesn't apply. So, by forming an S Corporation, enterprise saves $3,060 for 2010 on money of $20,000. The income tax still applies, but More than likely someone like better to pay $1,099 than $4,159.
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