32 . David Roberts runs a one - person corporation , a management consulting firm . For the first few years , he paid himself a minuscule salary , no dividends , and no fringe benefits , paying only the regular corporate tax . At the point when accumulated earnings had reached $150 , 000 , all invested in listed stocks , he started paying himself a comfortable but reasonable salary and established a qualified pension plan for himself . From this point on , the corporation had no taxable income . Is it possible that the accumulated earnings tax will be imposed ? The personal holding company tax ?"