Originally Posted by Myst

Ok im confused
Everyone says to make a corporation or the govt will take you to the cleaners. But when the money is in the corporation, what good is it? You cant really spend the money on yourself unless you give yourself a salary.. and when you give yourself a salary, you have to pay taxes on that

So do you really pay like 25% (or whatever it is) when they money comes into the corporation, then regular income taxes if you take the money out into your account??