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Post# of 704041
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sylvester80

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sylvester80

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Re: Joe Stocks post# 62340

Tuesday, 01/07/2003 8:05:14 PM

Tuesday, January 07, 2003 8:05:14 PM

Post# of 704041
Yes, but it used to be that your nominal salary from the S-corp was taxed at the S-corp rate, while the dividends were taxed at the individual rate. With the proposed tax cut, you will only have to pay tax on your nominal salary and take all the dividend profits tax free, no? At least that's what I remember. It's been a while and I could be wrong.

"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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