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Originally Posted by jekylisland
David-
Yes, I agree with you, and thank you for the correction. In my case specifically the only witholdings the juristic person experiences are Social Security tax and Medicare, and those account for the "portion" in my case.
I suppose we could look at witholdings as prepaid interest in anticipation of a taxable event, that being redemption of FRN's rather than USN's.
I haven't figured out how to get the employer's share of the Social Security tax back. If it is prepaid interest for the privilege of discharging employee obligations with FRN's, I should be able to. If it is prepaid interest for the privilege of employing the trust, I probably can't.
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There are the traditional ways. I went through two of the three steps of getting mine back and decided that I would risk needing it some day after 65 like others.