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Sounds
like you paid more than your fair share if you ended up paying 60%. I'm no
expert in U.S. taxes, or your own personal situation for that matter, but
doesn't it make more sense in a small
corporation to bonus out the profits and just end up with a
personal tax rate, rather than a corporate one as well?
<FONT face="Comic Sans MS"
size=2>
Just a
thought.
<FONT face="Comic Sans MS"
size=2>
<FONT face="Comic Sans MS"
size=2>Andrew
<FONT face=Tahoma
size=2>-----Original Message-----From: BobsKC
[mailto:bobskc@xxxxxxxxxxxx]Sent: Tuesday, March 09, 2004 11:55
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
Political Posts<FONT
face="Comic Sans MS" size=2> <FONT
face=Tahoma>[snip] In my small company, (37
employees), my firm paid taxes on what it made, I got what was left and then I
paid taxes on that same money again. I was lucky to end up with 40 cents
on the dollar.<FONT face="Comic Sans MS"
size=2> [snip]
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