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    Vorurteilslos's Avatar
    Vorurteilslos Posts: 1, Reputation: 1
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    #1

    Aug 29, 2014, 05:19 PM
    C Corp income tax
    Do I have this right?
    C Corps pay individual income taxes.
    Which means the owners pay the taxes on the profits.
    These individual incomes would be considered Capital Gains, and taxed accordingly.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Sep 8, 2014, 04:47 AM
    No the income is not a capital gain as the owner is entitled to the income and therefore is regarded as personal income by the taxing authority
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