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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (116524)	5/27/2005 12:28:54 PM
From: Neeka	Read Replies (1) \| Respond to of 793739

The amount of salary a subchapter S officer takes is arbitrary and at his or her discretion. And what is left......dividends......must be distributed to office holders annually. Dividends are not subject to medicare and SS taxes. What the dems will probably propose is tightening up the rules for subchapter S corps so that a certain percentage must be taken as income to ensure that more is paid into medicare and ss funds rather than leaving it up to the individual business owner. In other words, more govt intrusion into our lives.