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Tax Planning is crucial in the setup and funding of new firm. Presuming an entrepreneur gets good counsel and establishes a pass-through entity for tax

Tax Planning is crucial in the setup and funding of new firm. Presuming an entrepreneur gets good counsel and establishes a pass-through entity for tax purposes.

  1. How much will the total taxes be on such a firm that has $1,500,000.00 in corporate profits at a 35% individual tax rate?
  2. How much will the taxes increase to if they do not structure as a pass-thru entity?

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