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JohnSJ

(98,038 posts)
Thu Mar 13, 2025, 04:16 PM 13 hrs ago

Trump CMS Pick Oz Paid No Medicare Taxes in 2023, Memo Says

"Mehmet Oz, President Donald Trump’s nominee to lead the Centers for Medicare and Medicaid Services, may have “significantly” underpaid Social Security and Medicare taxes in recent years, according to a memo by Democratic staff on the Senate Finance Committee seen by Bloomberg News.

Oz paid no Social Security or Medicare taxes in 2023 and “negligible” amounts in 2022, the memo said. Oz told Congressional staffers he wasn’t liable for the taxes on certain income from his company, which is run as a limited liability company, because of a provision called the “limited partner exception,” according to the memo.

At issue is the income the TV doctor made from Oz Property Holdings LLC, the entity which houses Oz Media LLC. The limited partner exception allows certain partners with a small role in a business to avoid Medicare and Social Security taxes on those earnings.

In the memo, Democratic staffers argue Oz was “actively involved in the activities of this limited liability company that boasts his name” and therefore owes the taxes."

https://www.bloomberg.com/news/articles/2025-03-13/trump-s-cms-pick-oz-paid-no-medicare-taxes-in-2023-memo-says?srnd=homepage-americas


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