#self-employment

3 stories

#payroll tax #s corporation #tax code #w-2 employees #aca surcharge #business owners #christmas tree #earnings test #farm income #federal tax #income splitting #medical practice ownership

Christmas Trees and Social Security Rules
A 63-year-old tree grower’s extra season can shift Social Security earnings counts.
24/7 Wall St. · 1m
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