Originally Posted by epitome

Yup. I have an LLC setup to be taxed as an S-Corp. This allows me to pay myself a reasonable salary, which will include all of the usual tax, SSI, medicare, etc. deductions and I am also entitled to take out money as a member that doesn't have to have social security and medicare taken out of it.

Only downside is that in this state you have to have unemployment insurance what that arrangement even if the only employees are also members. So I do pay 2.7% that I wouldn't normally pay, but considering I'm saving roughly 15 or 18% or whatever on what's not taken out as salary, I end up better off.

I also have an individual health insurance insurance policy, but my company pays it for me and the amount comes across onto my W-4 tax free.