LLC vs S-Corp: the S-Corp election saves money only above $50K net profit

An S-Corp lets you split income between salary (subject to FICA/SE tax at 15.3%) and distributions (not subject to SE tax). But below $50K net profit, the accounting fees ($2,000-5,000/year), payroll costs, and reasonable salary requirements eat the tax savings. The breakeven is roughly $50-60K net. Below that, a simple single-member LLC with Schedule C is cheaper and simpler.