By: Davy
DON’T FORGET: Many small business owners pay self-employment taxes on their profits (2012=13.3%; 2013=15.3%). Schedule K-1, baby!
View ArticleBy: puck
DON”T FORGET: that is what funds Social Security and Medicare. There is no “self-employment tax.” It would help a lot to crack down on misclassified independent contractors and put them back on their...
View ArticleBy: jason330
JC – Point taken. Unemployment and worker’s comp insurance are pre-profit and I agree that increases in these mandated expenses can be hard to swallow.
View ArticleBy: cassandra_m
The self-employed pay the full share of their SS taxes, with the same limits as the rest of US workers — up to $110,000. Schedule SE is how you report self-employment SS tax.
View ArticleBy: puck
Didn’t the payroll tax cuts affect only the employee share? So employers aren’t facing a cliff on payroll taxes at least, because the employer share wasn’t cut. And workers will pay more whether self...
View ArticleBy: Tom McKenney
You only pay self employment taxes on wages, if you take your profits as dividend you pay the divined rate. That said workman’s comp rates in Delaware are ridiculous and a much bigger deterrent to...
View ArticleBy: puck
I ran a one-man consultancy for years. Usually after I paid taxes and paid myself enough to live on, I had money left over in the company (i.e., profit). So I made darned sure I invested in something...
View ArticleBy: jason330
“There is no such thing as an off year election. Every election effects each other. We need to work as hard in 2014 as we did in 2012.” dkos comment
View ArticleBy: Roland D. LeBay
What happened to Kevin? Did he spend the last 24 hours attending a basic math class?
View ArticleBy: Dana Garrett
Jason’s original point is correct. Republicans have made the terms “Republican” and “bipartisanship” oxymoronic. While there is a lot to be said for competing political parties in a representative...
View ArticleBy: Rustydils
Jason, the problem is the president is not being honest with the American people. Even if the Republicans give the president everything he is asking for, it only addresses 7 percent of the problem. It...
View ArticleBy: Liberal Elite
@Rd “…it only addresses 7 percent of the problem. It does nothing to touch 93 percent of the debt. That is why the republicans are not getting on board.” And the Republican solution addresses a...
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