Joe the Plumber needs to Incorporate and elect "Sub-Chp S" status to lower his taxes!

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

FrenchieCat

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Wed Oct-15-08 11:29 PM
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Joe the Plumber needs to Incorporate and elect "Sub-Chp S" status to lower his taxes!

Anyone netting $250,000 filing a single proprietorship business needs a good accountant!

It provides Corporate liability protection, and there is not tax to pay on the Corporate return. Instead, one gets a K-1, and Self employment tax is not applicable.

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