Details Of 2010 Federal Income Taxes: Difference between revisions
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Revision as of 09:21, 15 September 2026
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A C Corp pays tax as per its profit for the majority and then any dividends paid to shareholders additionally be taxed. Hence the term double-taxation. An S Corp however works differently. The S Corp pays no tax on profits. The net profit flows high on the shareholders who then pay tax on that money. The big difference discover that the 15.3% self-employment tax doesn't apply. So, by forming an S Corporation, small business saves $3,060 for 2010 on a fortune of $20,000.
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