ilmscore | Prediction Details
"the whole idea here is when you make a big enough salary you can consider switching from LLC to an es Corp that way you only have to pay these Peril taxes on the money you pay yourself as a salary and the rest you take as a distribution"
By Minority Mindset | September 27, 2024 | Pending
From video
7 Tax Loopholes Only Rich People Understand 00:18:29 - 00:18:43
Interpreted Prediction
Converting an LLC to an S-Corp can lead to payroll tax savings by allowing owners to take a portion of their income as a distribution, which is not subject to payroll taxes.

Prediction Details

Topic
E-Corp Payroll Tax Savings

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