Skip to main content
No. of Recommendations: 2
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
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.