this is not a real issue. honest. see my above posts. A sub S. is supposed to do this. This is not a scandal because he is doing what countless other small corprations do.
How many self emplyed freepers use Sub S corporations? I do.
I do, too...2 in fact. However, I don't think that's the issue. Edwards is on his 'populist' soapbox, slamming the 'eeeevil corporations' and 'big business' (after all, Daddy worked in a mill).
It's the hypocrisy not the fact...though many Sub S's do get scrutiny from IRS.