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Old 06-01-2006, 01:01 PM   #1
subsmeister06
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Sub S Corps. in Massachusetts

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Any planning ideas for avoiding the Massachusetts "sting tax" on Sub S corporations (on net income of S corps. of $6M or more)? It appears that increasing compensation payout to shareholders doesn't help, since this "excise" tax (i.e., not income tax) is on total receipts without deductions for operations expenses. Is this how others read it?
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