I know all about subchapter s corps. They're excellent for passing
losses through to the shareholders of corporations that don't make
profits.

The other reason to have a subchapter S is to avoid paying corporate
tax rates. If that's your reason then you're an as unamerican of a
lout as I suspected who doesn't think paying taxes is patriotic.

Paying taxes is patriotic. How much you pay is up to your own intelligence.
Putting gas in Nancy Pelosi's jet is unpatriotic.

Steve