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re: No Democrats voted to give us a tax cut.

Posted on 11/17/17 at 11:48 am to
Posted by texridder
The Woodlands, TX
Member since Oct 2017
14233 posts
Posted on 11/17/17 at 11:48 am to
quote:

It's a huge tax cut for me, and I'm not a top earner.

Why don't I deserve a tax cut?


Maybe you do and maybe you deserve a cut in line with what others get.

In the end, salaried workers who don't get paid through a pass thru, are getting a minuscule tax cut compared to those who can arrange to get paid by a pass thru.

And they don't even know it.
Posted by Pussykat
South Louisiana
Member since Oct 2016
3889 posts
Posted on 11/17/17 at 3:22 pm to
quote:

In the end, salaried workers who don't get paid through a pass thru, are getting a minuscule tax cut compared to those who can arrange to get paid by a pass thru.


One of there requirements for a pass-through S-Corp is that a reasonable salary be paid to the shareholder. Partners in partnerships pay income tax and self employment tax (SS/MC 15.3%) on their share of income.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124189 posts
Posted on 11/17/17 at 5:59 pm to
quote:

In the end, salaried workers who don't get paid through a pass thru, are getting a minuscule tax cut compared to those who can arrange to get paid by a pass thru.
Can you delineate the individual's tax liability in a "pass thru"?

Specifically delineate the difference between that individual's tax liability vs liability of a salaried employee making the same income.
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