[central_va]

payroll taxes are often confuses with income taxes. You are confusing the two. Payroll taxes are mandatory and there is no way to shelter one self from paying it, legally.

[kabar]

Payroll taxes are really just another form of income tax. You can shelter yourself from them if all you have is investment income and receive just capital gains and dividends. You only pay FICA on earned income.

Medicare (Part A) has been running in the red,i.e., paying out more in benefits than receiving in contributions, since 2008 and SS since 2010.

By law, the premiums paid for Medicare Parts B and D cover only 25% of the costs. The remaining 75% comes from the General Fund. In FY-2011 that amounted to $222 billion.

[dalereed]

“Payroll taxes are mandatory and there is no way to shelter one self from paying it, legally.”

I quit paying them in 1978 legally by putting the corp. assets in my name and only taking rent as compensation!!!

I finally convinced a friend of mine to do the same this year.

He had a stupid CPA that couldn’t figure that out..

Last year he paid both haves to the max because he made over a million.

[dalereed]

“Payroll taxes are mandatory and there is no way to shelter one self from paying it, legally.”

I quit paying them in 1978 legally by putting the corp. assets in my name and only taking rent as compensation!!!

I finally convinced a friend of mine to do the same this year.

He had a stupid CPA that couldn’t figure that out..

Last year he paid both haves to the max because he made over a million.