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Message
re: Joe Biden Exploited S-Corporation Loophole to Avoid Payroll Tax
Posted on 9/28/20 at 11:34 am to Frank Black
Posted on 9/28/20 at 11:34 am to Frank Black
You have to pay yourself a "reasonable salary" as the officer of an S Corp.
You don't get to avoid the payroll taxes but rather control the payroll taxes as you would normally pay self-employment taxes (ie both halves of the payroll tax) on the net income of the business.
Final meme: if you don't like the outcomes change the system; don't get mad at individuals for using the system in place to their advantage.
You don't get to avoid the payroll taxes but rather control the payroll taxes as you would normally pay self-employment taxes (ie both halves of the payroll tax) on the net income of the business.
Final meme: if you don't like the outcomes change the system; don't get mad at individuals for using the system in place to their advantage.
Posted on 9/28/20 at 11:46 am to jclem11
quote:
if you don't like the outcomes change the system; don't get mad at individuals for using the system in place to their advantage.
Right. Just like Trump.
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