Annual Taxes - Humor In The Drudgery: Difference between revisions
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Revision as of 01:35, 16 October 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 gain flows through to the shareholders who then pay tax on cash. The big difference yet another excellent that the 15.3% self-employment tax doesn't apply. So, by forming an S Corporation, enterprise saves $3,060 for 2011 on money of $20,000. The tax still applies, but More than likely someone prefer pay $1,099 than $4,159. That is a large savings.
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