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Subject:  Re: Another 2015 budget proposal impacting retir Date:  3/25/2014  5:21 PM
Author:  buzman Number:  74630 of 102379

ResN says: Yes, they would have to pay SS and Medicare just like everyone does now. Easy as pie

Not exactly, the SS wage base ends at 117K (2014) and S corp and LLC flow through income is not subject to employment taxes.

We have a flat tax now for all income over $457,600. The flattening of the tax code (ya know to protect the job creators) over the last thirty years has led to income inequality.

busman-not trying to defend the tax code but a flat tax would screw most Americans
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