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Three Ways to Cut Social Security and Medicare Taxes!

August 29, 2024

“Three Ways to Cut Social Security
and Medicare Taxes!”

To get my complete article
with all the details…

It’s a fact.

Rising federal employment taxes, including Social Security and Medicare, are a growing burden for employees, employers, and self-employed individuals.

What can you do to minimize the pain?

  • Consider operating your business as an S corporation.
  • Another way to go is to use community-property state rules for husband-wife businesses.

But watch it!

Both of these choices have some very real downsides.

There’s good news, too!

Whichever strategy you choose, you should know that strategic tax planning can significantly reduce the impact of the fast-increasing taxes mentioned above.

Here’s just some of the material I’ll explain in my new edition of my Tax Reduction Letter. Don’t miss it!

  • How high can my Social Security tax bill be if I don’t take action?
  • What’s a strategy I can use to benefit from running my business as an S corporation?
  • When can I use my spouse to cut my Social Security and Medicare taxes?
  • What about using a C corporation?
  • What’s the penalty for failing to file partnership returns

And much more!

To get the whole story …

CLICK HERE to read my completely new article titled:

“Three Ways to Cut Social Security
and Medicare Taxes!”

Filed Under: Choice of entity, Corporations, Filing tips, Husband and wife business, Self-employment Tax, Spouse, Tax Planning

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