LtScrounge Wrote:
Feb 24, 2013 9:30 AM
Since S-corps, unlike the large corporations, don't pay income taxes. Their owners pay income taxes on their share of the profits. Since Obamao and the Democrats have raised personal income tax rates (as well as other taxes on small businesses) , the owners of S-Corps are losing their income. Since an S-corp can only have up to 5 share holders, that means that S-corp owners take it on the chin hard.