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To: newgeezer
As you may know, there is no minimum threshold for exemption from the self-employment tax. For Social Security, the gov't taxes the first dollar we earn.

Nope.

Generally, if you have less than $400 of SE income you don't have to pay any SE tax. So, at $399.99 of SE income, the SE tax is zero. At $400.00, the tax will be $400 * 92.35% * 15.3%, which is $56.52.

80 posted on 04/16/2007 11:24:48 AM PDT by AntiScumbag
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To: AntiScumbag

So I take it you’re not going to answer my simple question in Post #74?


82 posted on 04/16/2007 11:43:35 AM PDT by Hostage (Fred Thompson will be President.)
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To: AntiScumbag
Okay, then. They tax the first dollar when we earn the 400th.

Thanks for pointing that out.

89 posted on 04/17/2007 5:33:42 AM PDT by newgeezer (Just my opinion, of course. Your mileage may vary.)
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