Dr. Mehmet Oz may have underpaid Medicare and Social Security taxes, Senate Democratic memo finds
Dr. Mehmet Oz, President Donald Trump’s nominee to oversee the Center for Medicare and Medicare Services, may have “significantly” underpaid Medicare and Social Security taxes.
Dr. Mehmet Oz, President Donald Trump’s nominee to oversee the Center for Medicare and Medicaid Services (CMS), may have “significantly” underpaid Medicare and Social Security taxes in recent years, according to a memo from Democratic staffers on the Senate Finance Committee obtained by NBC News.
According to the memo, which outlined a review of Oz’s tax returns from 2021, 2022 and 2023, Oz paid no Medicare or Social Security taxes in 2023 and “negligible” amounts in 2022. The review from Democrats on the Senate Finance Committee, which is overseeing Oz’s nomination, alleges that Oz underpaid his “SECA” taxes, a tax on net earnings from self-employment, from income through his media entity Oz Property Holdings LLC.
Overall, Democratic committee staff members said, Oz underpaid Social Security and Medicare taxes by roughly $440,000.
During a meeting with Oz and his accountant, Democratic committee staffers said they asked Oz to amend his tax returns to include income from Oz Property Holdings LLC in his SECA tax calculation, according to the memo. Oz argued that he was not liable for the tax because he was a “limited partner” in Oz Property Holdings LLC.
Democratic committee staff members asserted that he was “actively involved” in the company and should pay more in self-employment taxes.
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