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A corporation has pre-tax earnings of $4 per share. The corporate tax rate is 21%, the dividends tax rate is 15%, and the personal income

A corporation has pre-tax earnings of $4 per share. The corporate tax rate is 21%, the dividends tax rate is 15%, and the personal income tax rate is 35%. Will shareholders be better off if the company is organized as a C-corp or an S-Corp?

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