As I read it, the tax rules on small corporations allow wealthy folks pay lower taxes than employees. Well, who should make up the difference? Writing this from NJ, compared with Dr. Whatley's top rate of 53%, our top rate is 52.37, including 39.6% fed income tax, 3.8 medicare tax and 8.97 state tax. Not much of a saving, and the MDs who paid maybe 500K (with accrued interest) for a US medical education look longingly at Canadians paying tuitions under 10K per year.