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Business, 27.06.2019 21:50 kingje1477

Logan, a 50 percent shareholder in military gear, inc., is comparing the tax consequences of losses from c corporations compared with losses from s corporations. assume military gear, inc has a $100,000 loss for the year, logan's tax basis in military gear, inc. was $150,000 at the beginning of the year, and he received $75,000 ordinary income from other sources during the year. assuming logan's marginal income tax rate is 15%, how much more tax will logan pay currently if military gear, inc. is a c corporation compared to the tax he would pay if it were an s corporation?

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