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That doesn't sound quite right. Dividends, capital gains, and interest are forms of income not requiring FICA right?

It seems like FICA should only be for selling your labor.

I think the 120k figure is wrong too but I'm on an olden first gen iPhone so I can look it up.

If you try to declare that all the money you pulled from your LLC was dividends and not a salary, the IRS will bust you. Once you declare a 'fair' amount as salary (and pay FICA), the rest you can pull without paying FICA.

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