Not quite, although I guess it is technically a different loophole. > Another sharp difference involves a tax category called self-employment tax, a substitute

Not quite, although I guess it is technically a different loophole. > Another sharp difference involves a tax category called self-employment tax, a substitute for Social Security and Medicare taxes paid by filers who don’t have regular paychecks. Rauner’s returns show he paid no self-employment tax in 2015 and 2016, years in which he collectively reported nearly $279 million in adjusted gross income. In 2014, Rauner paid just $152 and last year just under $20,000. The IRS has recently begun cracking down on investors in limited liability corporations such as those in private equity for underreporting income subject to Social Security and Medicare tax. A 2016 study by the federal agency estimated such underreporting had cost the two financially struggling entitlement programs for retirees $65 billion between 2008 and 2010 alone. https://www.politifact.com/illinois/article/2018/oct/21/rauner-pritzker-tax-disclosures-rich-avoidance/ https://www.politifact.com/illinois/article/2018/oct/21/raun...