additional info on payroll taxes

You are employed by a publicly traded corp. where you make $60,000.00 per year. You also about to start your own business, while maintaining you other job.
You have been advised that you can act as a sole proprietorship or create your own S Corporation. You were told that S Corporation are good only because even though you will make $110,000.00 net profit, you only have to pay $50,000.00 of that out as reasonable wages to yourself for services rendered. The rest flows through payroll-tax free as an S Corporation distribution. Looking only at the payroll taxes, the excess FICA credit and self employment taxes only.analyze which structure would result in lower taxes.
I understand that the information is incomplete but I am in a discussion that is only concerned with the above taxes and nothing other then those. I have had the discussion that the MTR has to be also included is this true or not?
Thanks a lot
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

BeanSmart.com is a site by and for consumers of financial services and advice. We are not affiliated with any of the banks, financial services or software manufacturers discussed here. All logos and trade names are the property of their respective owners.

Tax and financial advice you come across on this site is freely given by your peers and professionals on their own time and out of the kindness of their hearts. We can guarantee neither accuracy of such advice nor its applicability for your situation. Simply put, you are fully responsible for the results of using information from this site in real life situations.