Tax Protection for Flipping Income

[KJ D'Costa]

We're starting our flipping business this year in order to fund our buy and hold strategy. And I understand that income from rehabs/flips is taxed at the highest level. However, we intend to use all profits for the purchasing of our long-term holds. I'd like to keep as much as we can using a corporation. Is this following feasible?

Set up a corporation, with minor payroll of the owners, but keep a majority of the flipping profits with the corp. and have the corp. then purchase the buy and holds. 

Will that reduce our tax liability? We have every intention of getting direct legal counsel, but wanted to vet the question on the forum first.

Thanks for any input!