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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 tax bracket, wants to shift some of his income to a new corporation to take advantage of the 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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