So Gingrich paid 31% of his income in fed taxes and that’s still not enough for the Democrat / Communists and labor unions (I repeat myself)
Salary/wages are guaranteed things. Profits are not.
Small business owners have no guarantee of salary or profits. Yet the IRS has a vague demand that a reasonable wages must be paid.
In my opinion, small business owners should be allowed to take 100% of their profit as dividends. Further, those profits should be taxed at the capital gains rates.
I know, I know. This is an s-corp so the profits were not taxed at corporate rates. But, for legitimate businesses (not shells) where the owner has invested capital it is a much healthier use of capital gains rates than profits from flipping stocks.