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Morning Joe' Says Trump's Tax Returns Prove 'Hillary Clinton Was Right All Along': 'He Was Desperate to Hide the Truth'
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<blockquote data-quote="Babagounj" data-source="post: 5475569" data-attributes="member: 12952"><p>Most of his "information" is hidden in S-Corps.</p><p>[URL unfurl="true"]https://www.accountingtools.com/articles/s-corporation-advantages-and-disadvantages[/URL]</p><p></p><p><em>Distributions are free of payroll taxes</em>. Any distributions made from an S corporation to shareholders are not subject to payroll taxes. This means that social security, unemployment, and Medicare taxes are not paid on these distributions.</p><p><em>Double taxation circumvention</em>. The earnings of an S corporation are only taxed once, at the level of its shareholders. This is significantly better than for a C corporation, where the corporation is taxed and then again when any distributions to shareholders are taxed.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 5475569, member: 12952"] Most of his "information" is hidden in S-Corps. [URL unfurl="true"]https://www.accountingtools.com/articles/s-corporation-advantages-and-disadvantages[/URL] [I]Distributions are free of payroll taxes[/I]. Any distributions made from an S corporation to shareholders are not subject to payroll taxes. This means that social security, unemployment, and Medicare taxes are not paid on these distributions. [I]Double taxation circumvention[/I]. The earnings of an S corporation are only taxed once, at the level of its shareholders. This is significantly better than for a C corporation, where the corporation is taxed and then again when any distributions to shareholders are taxed. [/QUOTE]
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Morning Joe' Says Trump's Tax Returns Prove 'Hillary Clinton Was Right All Along': 'He Was Desperate to Hide the Truth'
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