News Focus
News Focus
icon url

sylvester80

01/07/03 8:05 PM

#62350 RE: Joe Stocks #62340

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.