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Subject:  Should I start a company to avoid taxes? Date:  3/19/1998  10:23 PM
Author:  contr315 Number:  2859 of 127753

I'm a single, 22 year old computer professional with no dependants. I am currently employed with a salary of 74K. I only spend approxiatemly half of my income. I was wondering if a starting a dummy company would help shield some income from taxes. Perhaps the corporation could pay the entire salary out in dividends. If it were an S corp, it may result in a capital gains tax instead of income tax. Is this correct? Any other considerations or ideas?
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