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To: newbie2008

Yeah, unlike self-employed people who pay tax even if their company has a losing year.


17 posted on 08/13/2008 11:21:36 AM PDT by Righter-than-Rush
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To: Righter-than-Rush

I am a small business owner (Subchapter S) that pays no corporate income tax because 100% of the corporate earnings go to my personel return and is taxed at the hishest rate plus FICA. I read somewhere that over 70% of the corporations are subcapter S corps


20 posted on 08/13/2008 11:29:30 AM PDT by small business owner
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