[PRCo] Re: Joe the Plumber

[Derrick J Brashear]

On Thu, 16 Oct 2008, robert simpson wrote:

> Read that his company makes $250K per year - not him personally.

I read lots of things yesterday about the guy, but in any case, having 
looked at an S Corp for personal reasons, effectively what your company 
makes is taxed as yours in that case. Of course if you turn around and 
pay others it's not on your balance sheet as income for you at the end.