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Revision as of 12:43, 11 September 2026
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A C Corp pays tax based on its profit for all seasons and then any dividends paid to shareholders is also taxed. Hence the term double-taxation. An S Corp however works differently. The S Corp pays no tax on profits. The gain flows right through to the shareholders who then pay tax on cash. The big difference here i will discuss that the 15.3% self-employment tax does not apply. So, by forming an S Corporation, small business saves $3,060 for the majority on a fortune of $20,000.
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