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by econgeeker
5456 days ago
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A high tax jurisdiction will charge, often, %40 of profits at the corporate level and then another %40 at the personal level. So, for every $100k you bring in, corporate taxes reduce it to $60k and personal income taxes reduce it to $36k. A low tax jurisdiction would might charge %10 corporate taxes and %10 personal taxes, meaning that for $100k in income you're left with $81k. I think more than doubling your net income is worth consideration, especially if it means the difference between being able to afford to continue your startup, or having to go and "get a real job". |
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