Archive for the ‘Self Employment’ Category
Most people I know have the dream of one day working for their favorite employer: themselves. While the benefits to being your own boss are numerous, there are also some downsides to the scenario. One important factor to consider is the self employment tax.
If you are self employed, you can still earn your first $91,400 income tax free (2009), but your net income is subject to self employment taxes of 15.3%…
That’s a big number.
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