You, as a company, would pay no tax. You, as an employee of your company, pay the regular amount of tax you always pay. There’s some loopholes where you as a company can provide yourself as an employee with non-taxable benefits but it seems like more hassle than it’s worth. I have family that have done this and they save very little on taxes but have to file huge complicated returns.
Why are people taxed on revenue but companies are taxed on profit?
I often have 0 profit, if I call myself a company would I pay no taxes?
You, as a company, would pay no tax. You, as an employee of your company, pay the regular amount of tax you always pay. There’s some loopholes where you as a company can provide yourself as an employee with non-taxable benefits but it seems like more hassle than it’s worth. I have family that have done this and they save very little on taxes but have to file huge complicated returns.