What I am wondering is if the net operating pretax income is subject to both tax on the corporation then what is distributed as salary out of the net operating income is then taxed again. Let's say that the net operating income is 50,000 dollars before any income taxes. In turn let's say that out of that 50,000 dollars 25,000 dollars is paid as salary. Is the 25,000 dollars taxed more than once such as once with the corporation then again as paid salary?
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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