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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Depends how much you take out, if you only take out 60k, you will pay based on the same rate someone making 60k a year is making. If you take out all of it at 300k, you will pay the highest tax rate which is probably over 40%.