Quote:
Originally Posted by Dbone
Of course if you're making enough money to get into that top tier, and you aren't some kind of exec, then it's time to incorporate.
It's not as helpful now as it was 20 years ago, but at least you can save after paying that initial corporate tax bill, earn some passive income, and pay out later in lean years.
Home office FTW!
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Top tier is a big range... I doubt your typical middle level salaried employee who is making 120K-150K is going through the trouble to incorporate.
I have physicians in my family who earn ~$2K per shift. At that level, that's when it makes sense to incorporate.