Income Tax Study

Paying Tax in a Corporation vs. Personally

Self Employed Taxable Income $50,000 $75,000 $100,000 $125,000
Difference $5,070 $9,204 $15,702 $22,430
Personal income tax thereon including C.P.P. 13,320 21,579 32,202 43,055
Income tax payable if the same income is earning in a corporation (16.5%) 8,250 12,375 16,500 20,625

COMMITTED TO REDUCING THE INCOME TAXES THAT YOU PAY