Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: JCBreckenridge
For me last year, it worked out to be close to 20 percent of my earnings. And I make about 10k a year

I take it you are self-employed? Anyone who is on payroll making 10k a year gets earned income tax credit, so they would only be contributing the 6% employee share to SS, and indirectly the 6% employer share (through getting lower pay than the employer is willing to pay). Those are then completely offset by the earned income tax credit.

54 posted on 01/01/2013 6:55:12 AM PST by Kay Ludlow (Government actions ALWAYS have unintended consequences...)
[ Post Reply | Private Reply | To 49 | View Replies ]


To: Kay Ludlow

Yeah, I’m self-employed. I work for myself and I teach. Single, no deductions, etc. So I don’t qualify for any of the Obama benefits, but I sure as heck pay for them.


56 posted on 01/01/2013 12:15:59 PM PST by JCBreckenridge (Texas is a state of mind - Steinbeck)
[ Post Reply | Private Reply | To 54 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson