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Since the tax relief Act of 2003, if a corporation or partnership has pre-earnings of $110,000 while the corporation is subject to a 35% income
Since the tax relief Act of 2003, if a corporation or partnership has pre-earnings of $110,000 while the corporation is subject to a 35% income tax rate and an investor is subject to a 35% personal tax rate and a 15% capital gains tax rate, then what is the advantage to being a partnership (compared) to a corporation) if all of the proceeds are paid out to investors in either legal form?
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