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<blockquote data-quote="dd" data-source="post: 41436" data-attributes="member: 36"><p>My farm is incorporated. Up to a certain level a corp pays a flat 15% tax. If the farm wasnt incorporated that income from the farm plus my wife's salary would throw us into a much higher tax bracket. With the corp I pay myself a salary just like any other employer would. There's other advantages as well but its been so many years now I don't remember all of them. I'm sure AZ can clarify more.</p></blockquote><p></p>
[QUOTE="dd, post: 41436, member: 36"] My farm is incorporated. Up to a certain level a corp pays a flat 15% tax. If the farm wasnt incorporated that income from the farm plus my wife's salary would throw us into a much higher tax bracket. With the corp I pay myself a salary just like any other employer would. There's other advantages as well but its been so many years now I don't remember all of them. I'm sure AZ can clarify more. [/QUOTE]
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