ilmscore | Prediction Details
"you can pay yourself a $50,000 salary... and then you can take out $100,000 as a profit distribution and now because this is a profit distribution you don't have to pay that 15.4% tax"
By Minority Mindset | September 27, 2024 | Pending
From video
7 Tax Loopholes Only Rich People Understand 00:17:42 - 00:18:06
Interpreted Prediction
By structuring as an S-corp, business owners can pay themselves a salary and take the rest as a profit distribution, potentially reducing payroll taxes.

Prediction Details

Topic
E-Corp Payroll Tax Savings

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