[MarkL]

It would be totally unfair to give Bob's employees a 25% increase in take-home pay but expect Bob the owner make do with his same old take-home.

And he wouldn't. He would keep his federal income taxes, "his portion" of FICA and Medicare, as well as the employer's portion. I don't understand the point you're trying to make here.

Mark

[RobFromGa]

I don't understand the point you're trying to make here.

My point is that there are no corporate income taxes on Bob's Bakery.

In post 40, you said: You forgot the reduction (to zero) of federal corporate taxes

The only taxes on the profits of the business are Bob's personal income taxes on the profits, which we both agree that he is going to keep, so there is no "reduction in federal corporate taxes" for me to forget. I was just responding to your false statement that there would be savings to Bob's Bakery from federal corporate taxes.