Detailed text transcripts for TV channel - FOXNEWS - 20120807:20:26:00
Manufacturers in the united states. at these current tax rates, if they are not extended, we will pay our taxes on the individual rate up to 40 percent on the federal level. >>stuart: that is very important. you are a subchapter s, which means, doesn't it, the profits go to you and are taxed as personal income to you, not like any other kind of corporation. so, you pay personal income tax rates, right? >>guest: that is correct. >>stuart: do you think there is a good shot that the maximum rate goes from 35 percent to 39 percent january 1st? ocean it truly is and coupled with doing business in t...
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