My name is Don. Glad to meet you. Did you're mother just not like you much ? Or was she just slightly mad -- like all Choir Masters ?
Your answer didn't provide me any answers (at least none that I can discern.) On one hand we're talking household income and in the next sentence we're talking Subchapter S and other goobledy gook.
I'm afraid I'm not an expert on the U.S. tax code. Explain it to me like I'm not. Seperate it out (if possible) and tell me what the business
owner is paying and what the business is paying -- in taxes.
I am truly curious. Here's your chance to shine. The few small buisness owners I know don't take home anything close to $250K a year. Their businesses make considerably more. But they don't.
Don Brown