Article View: net.taxes
Article #985Re: Social Security (how to get out)
From: Ben Liberman
Date: Mon, 06 Oct 1986 06:12
Date: Mon, 06 Oct 1986 06:12
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In article <6152@alice.uUCp> ark@alice.UucP (Andrew Koenig) writes: >> Like many other people, I believe that by the time I am old enough >> to collect it, Social Security will be long gone. >> >> IS THERE ANY WAY OUT??? > >No. Yes, sometimes. If you sell your services as a consultant, you are not paid a salery and no taxes are withheld. You bill the company for services and are paid in full. If you have incorporated as an 'S' corporation, the corporate profits can be paid to you (the sole shareholder) without incuring any corporate income tax This income is considered to be a dividend, not a salery.
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Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: arc1-ca.pugleaf.net!utzoo!mnetor!seismo!lll-crg!lll-lcc!qantel!ihnp4!chinet!magik From: magik@chinet.UUCP (Ben Liberman) Newsgroups: net.taxes,net.legal Subject: Re: Social Security (how to get out) Message-ID: <598@chinet.UUCP> Date: Mon, 6-Oct-86 02:12:11 EDT Article-I.D.: chinet.598 Posted: Mon Oct 6 02:12:11 1986 Date-Received: Wed, 8-Oct-86 00:26:44 EDT References: <126@raster.UUCP> <6152@alice.uUCp> Reply-To: magik@chinet.UUCP (Ben Liberman) Organization: chi-net, Public Access UN*X, Chicago IL Lines: 15