Quote:
Originally Posted by Myst
So if someone has $300,000 in a company for 2-3 years (already paid the 21% taxes), then that money goes to his personal account .. how much taxes does he pay??
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As JFK says ask an accountant, but my guess would be that the transfer to the personal account (your salary) would be taxed as personal income, and that same amount is deductable on your next company tax return. This is effectively the same as crediting the company tax you've already paid.
So if your company makes $0 that financial year
you get your $63k refunded
you owe $300k x personal tax rate