Daniel, who is single, estimates that the profits of his business for the current tax year will be $200,000; Daniel has no other sources of gross income.Since the 21% corporate rate is less than Daniel's marginal rate of 32%, Daniel would save taxes operating the business as a C corporation.

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The Answer of Daniel, who is single, estimates that the profits of his business for the current tax year will be $200,000; Daniel has no other sources of gross income.Since the 21% corporate rate is less than Daniel's marginal rate of 32%, Daniel would save taxes operating the business as a C corporation.

Daniel, Who Is Single, Estimates That the Profits of His