an individual in the 37% tax bracket, wants to shift some of his income to...
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Accounting
an individual in the 37% tax bracket, wants to shift some of his income to a new corporation in order to take advantage of the 21% corporate tax rate. Omar plans to avoid any tax on dividends by retaining all earnings within the corporation. Will Omars plan work? Discuss the reason it will or will not work. Do not simply answer yes or no.
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