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Posted on 4/1/21 at 8:36 pm to jchamil
quote:
on income over 400k.
They are also going to tax LLC pass thru income. So you have a small business and make 150,000 a year. And you pull out 100K and pay personal income tax on it. This won't change but now they will also tax (at an unannounced rate)the profit. Will it be double taxed as much as a C corp? Hope not.
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