Quote:
Originally posted by eru
However, I don't like the thing about corporate profits being taxed twice. They should make a law that if you are the sole worker of a company, then you only get taxed once. Fuck the feds!
|
Technically, thats only true in a c corp. In an S corp all incom flows through to you personally. So in an S corp you dont pay federal taxes.
In a C corp on the other hand The corporation is taxed as well as the indivdual. But say your corp turns a 100k profit. Well in that case, just pay yourself 100k in salary so the corp makes nothing and you are the only one taxed.
As far as education expenses, I do believe you could set up some type of tuition reimbursement plan to at least offset some of those expenses.