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Post# of 704041
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sylvester80

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sylvester80

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Re: leon post# 62317

Tuesday, 01/07/2003 7:31:08 PM

Tuesday, January 07, 2003 7:31:08 PM

Post# of 704041
If memory serves, S-corp (not C-corp, just S-corp) dividends paid out were tax free and then were taxed at the individuals tax rate. With the new dividend tax cut, an S-corp can pay almost all its profits in dividends and avoid tax altogether. This is JMHO so please consult your tax advisor and/or CPA.

JMHO.

"When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

"Those Who Would Sacrifice Liberty for Security Deserve Neither." -Benjamin Franklin

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