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Bronn, an individual in the 3 7 % tax bracket, wants to shift some of his income to a new corporation to take advantage of

Bronn, an individual in the 37% tax bracket, wants to shift some of his income to a new corporation to take advantage of the 21% corporate tax rate. Bronn plans to avoid any tax on dividends by retaining all earnings with his newly formed corporation. Is Bronns plan clever? Explain your answer.

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