Philosophical theories on the nature and origins of morality (that is, theories of meta-ethics) are broadly divided into two classes: Moral realism is the class of theories which hold that there are true moral statements that report objective moral facts.
As an S corporation, no corporate income tax would be levied. And when the income gets allocated to individual shareholders, they will probably pay a maximum rate of 40% to 44%. So that would mean around $400,000 to $440,000 in income taxes and then about $600,000 in leftover after tax profit.
S Corp making a tax-free distribution to an owner-employee for what is. actually compensation for services provided. The IRS will not object to the S-. Corp making zero payments to the owner employee when the business is earning. little or no income. But, when the business is making money, it must first pay the.