S-Corporation Tax Scenarios

[Nur Al Sharif]

Hi guys, 

I've been trying to understand the tax implications of different entity types. I've developed a really short, brief model of how an S-Corp would be taxed, provided that it is 100% comprised of rental properties. My results came out quite counterintuitive; the higher the income, the lower the effective tax rate is (I assume this is because Social Security Tax becomes more and more insignificant, as it is capped at $128,000 of salary). 

Anyway, I attached the quick model. Not sure how accurate it is, if at all. Could you please take a look and vet it? 

Thanks everyone!