How does a boss pay himself
The core concept is "Do not let the tax rate exceed 20%". Three ways, and it should follow this sequence:
- Salary. Salary is the most cost-effective way, if the salary of a year is lower than 36w, or
3w/month
. Then the composite tax rate will be lower than 20%. - Annual bonus. If the boss want to get more than 36w/year, annual bonus is the next choice. Annual bonus should less than 14.4w, then the composite tax rate will be equal to 10%. Or 3.6w's tax rate is equal to 3%. Do not pay more than 14.4w, then the tax rate will be equal to 20%.
- Dividends for stockholders. Its tax rate is equal to 20%.