[mNovak]

With S-corps you do have to actually pay yourself wages, thus incurring some FICA taxes. Rule of thumb I believe is 50% of net income, up to ~$100k. Given that, you can then also contribute (and deduct) as the company up to 25% of salary towards 401k

Another gem many people don't know about is "Increasing Research Activities", for certain industries this essentially translates to 5-10% of your total payroll becoming a credit. That's huge.

[jermaustin1]

I was doing my estimation based on an LLC, since most people don't set up S-Corps. I do operate through as an S-Corp, and I pay myself ~60%, and put 20% into my SEP-IRA.