[Alberta's Child]

As in most cases with tax law, there are ways for small business owners to avoid paying most of these taxes while still obeying the law to the letter.

[alloysteel]

The employer does not pay one cent of the payroll tax. Every bit of it is taken out of the amount set aside to pay the wages of the employee. Just a cost of doing business. The poor sod of an employee just has his take-home pay reduced by that much more

[Atlas Sneezed]

Self-employed people can incorporate and pay themselves a reasonable fixed salary, with the remainder of their business income distributed as profits, not subject to employment tax.

Note that the increasing cap is not just an increase in taxes on upper-middle earners, but is it a benefit cut for those earners who are below this line, and think themselves unaffected. They are decreasingly vested each time the cap rises.

In the 1960's my young engineer father told me that he stopped paying SS taxes about in April, and was then fully vested. Now, many or most young engineers are not even fully vested, even after paying 15% all year long. They won't get full benefits.

[is_is]

As in most cases with tax law, there are ways for small business owners to avoid paying most of these taxes while still obeying the law to the letter.

Want to bet??? I am a small buisness owner and there are few loop holes and NONE that i am aware of that will elliminate "most of these taxes" as you say....