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what u guys talking about.. it doesnt matter if the state has no income tax.. you still get profits passed on to you, and you have to pay income tax in your home state..
Say you live in NY, but your delaware corp just profited $1mil for 2009, and you took all that money into your bank account..
you have to pay NY state taxes on your $1mil, as well as federal tax...
incorporating in delaware doesnt absolve you of state tax on income, so I dont really see the advantages...
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