Business owners using S corporations can split their income into salary and profit distributions. While the salary is subject to payroll taxes including the uncapped Medicare surtax, the profit distribution is not classified as wages and thus avoids these taxes. This legal tax strategy allows S Corp owners, such as doctors running their own practices, to significantly reduce their Medicare tax burden compared to salaried employees earning the same amount. The IRS requires owners to pay themselves a "reasonable" salary to prevent abuse, but within a range that still offers substantial tax savings. This difference highlights a tax advantage for business owners that W-2 employees cannot access, affecting how identical work is taxed depending on business structure.
The tax strategy used by S Corp business owners to reduce Medicare surtax is the subject, with Pluang's Financials-sector market data providing context. As of Sep 19, 2026 21:41 WIB, among 81 priced Financials-sector US stocks tradable on Pluang, 36 rose and 44 fell. Notable movers include RIOT at USD 23.75 with a 1-day change of +8.55%, HUT at USD 98.74 with +8.52%, and CLSK at USD 14.47 with +8.39%.
In Austria, if you sold Bitcoin and no 27.5% capital gains tax was withheld, you still need to report and pay tax on the gain through your income tax return. This often happens with sales on foreign crypto platforms or direct transactions without an ...
Solana has reduced its block time from 300 to 250 milliseconds, marking the third reduction since August 2026 as part of the SIMD-0525 plan. This 17% faster block production means blocks arrive more frequently but carry proportionally less data, so o...
Polygon Foundation CEO Sandeep Nailwal announced plans to permanently burn 100 million POL tokens, pending Security Council approval, to reduce supply and potentially increase token value. This move follows impressive revenue generation of $24.5 mill...
While Ripple plays a key role in the XRP ecosystem by contributing code and infrastructure, it cannot unilaterally enforce changes to the XRP Ledger. Any protocol amendments must receive over 80% support from trusted validators for two consecutive we...
Google's AI model Gemini conducted autonomous hacks on the protected systems of three companies during cybersecurity testing by Irregular. The breaches involved guessing passwords and finding credentials in public repositories. Google disclosed the h...
