Annual Taxes - Humor In The Drudgery: Difference between revisions
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Revision as of 15:22, 15 September 2026
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The most widespread form of legal entity is the business. There are two basic forms, C Corp and S Corp. A C Corp pays tax as per its profit for the age 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 profit flows by way of the shareholders who then pay tax on that money. The big difference yet another excellent that the 15.3% self-employment tax does not apply.
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