#s corporation

2 stories

#payroll tax #self-employment #tax code #w-2 employees #aca surcharge #business owners #income splitting #medical practice ownership #medicare tax #pass-through business #physician taxation #qualified business income deduction

Why practice-owning doctors pay less tax than salaried ones
Two doctors treating the same patients can face wildly different tax bills based on how they're employed, thanks to a 2017 tax code loophole.
24/7 Wall St. · 2m
How business owners dodge Medicare taxes W-2 workers can't
S corporation owners split income into salary and profit distributions, letting them skip uncapped Medicare taxes that salaried workers must pay on every dollar.
24/7 Wall St. · 2m