I am the sole owner of an S corp and I am the only employee. If I make $100,000/year and I pay myself $50,000 as a salary and the other $50,000 as distribution. How much income tax do I have to pay on the distribution portion?
Can any one point me to a source that tells me what the tax rate is for s corp distribution for 2012?
There's no tax on S-Corp distributions. There's tax on your income. It is called "ordinary income" and is taxed at your marginal tax rate. There's no difference between the first 50K you got as salary and the second 50K you got as distribution in that respect - they're both taxed at your ordinary income rates. The salary portion is also subject to the payroll (FICA) taxes.