What is the after-tax rate of return on this investment

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Question - A taxpayer capitalizes a wholly owned corporation with $100,000. The corporation invests in a project that earns an annual pretax rate of return of 15% and faces a 21% corporate tax rate. The taxpayer faces a personal tax rate on pass-through income of 29.6% and expects to liquidate the corporation after 20 years. The taxpayer has a capital gains tax rate of 20%.

Required -

a. What is the after-tax rate of return on this investment?

b. Do you recommend that the taxpayer make this investment via an S corporation to avoid double taxation? Assume the corporation distributes enough cash to the taxpayer each year to allow him to pay his taxes on the S corporation income.

Reference no: EM133115302

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