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Response to Jeff In Milwaukee (Reply #57)

Mon Nov 19, 2012, 09:57 AM

59. only if trump has himself as employee of that llc and is paying social security tax

 

on the wage he pays himself (both employee and employer portions), as you say.

all he collects is the same $2000 or so a month that someone making $90-100K a year collects, and 85% of it is taxable -- i forget what the top rate is, but let's say then that it's 30%. so he collects $1400 a month.

the downside of making all SS income taxable isn't worth the pittance of the upside. the 'savings' would be a fraction of 1%, i believe.

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