SET is the medicare and social security taxes that are normally split between the employee and employer.

When I assign my contract to an end buyer is it normal for the title company to ask for my social security number?

I am a Canadian and want to jump into the US real estate market right now.

This might be a little off topic, but I feel very relevant:What is going on with Social Security?

This deal would likely more appeal to Canadian REI's looking to buy in Canada.

Originally posted by Steve Nicewarner:[ I just can't believe that there win't be a drastic cutback in benefits Social Security is definitely the elephant in the room.

But there is no way that we can have $10.7 trillion in national debt with trillions more added to it by way of stimulus & bailouts, coupled with another $59 trillion in unfunded liabilities (social security, medicare, etc) and not have significant inflation.

Health Care: Full Access to your Medical Records Nationalized Banks = Government FULL control of your money & TOO much influence on the lawmakers.We are already headed toward socialize medicine which means some suit behind a desk will have the final say in what treatments you will be allowed to receive.

If you have a W-2 job where you already max out on the income subject to social security, then the self-employment income taxes on your sideline business will be limited to 2.9% for medicare.If this is the case for you, then it is hardly worth the cost and effort of maintaining a corporation to avoid so little self-employment income tax.

Looking forward to cooresponding with other "Social Entrepreneurs" in Real Estate.