Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: kabar

Self employed would pay this 13% plus both sides of Social Security for another 13+% on top of state income tax and Federal tax. Sounds like the self employed have the choice to go out of business or jump their prices for their labor, as well as other employers adjusting.

I think I’d relocate.


50 posted on 01/19/2014 8:46:28 AM PST by damper99
[ Post Reply | Private Reply | To 37 | View Replies ]


To: damper99

Under this system a single, self-employed person in VT whose business netted $90K would pay $44.6K in taxes. Hardly worth it to create those new jobs for others.


54 posted on 01/20/2014 7:21:23 PM PST by Straight Vermonter (Posting from deep behind the Maple Curtain)
[ Post Reply | Private Reply | To 50 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


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