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To: scott7278
I have abandoned more than one ongoing self-employment venture over the years, with the heavy burden of Self-Emnployment taxes being one of the primary frustrations causing me to throw in the towell. Elimination of this obstacle would without doubt motivate me to get back to work for myself, to suppliment my income, once again.

In the long run it always seemed that I only worked nights to generate a huge tax bill. My business ventures created attractive gross figures, but what was left for ME made ambition seem foolish and in the end I made far less being self-motivated than for being just another hamster on the wheel at my day job. Why bother?

I'll bust my rump working to better myself if I can really feel as if I DO better myself.

These are the seeds of prosperity, and everything the left hates.

137 posted on 08/01/2004 7:18:36 PM PDT by LouisWu (I want more baloons, !@#$#^&! What the *&^% are you guys doing up there?!)
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To: LouisWu

Nice post -- and I agree with you 100%. My vocation as pastor makes me self-employed for the purposes of Social Security and an employee for the purposes of Federal/State income taxes.

Last year was the first year that I filed under this system after moving from the public sector. I about fell over when I got my prepared tax returns -- all of my student loans that I had planned on paying off before the anticipated date are back on the long-term schedule solely because of the burden of Social Security.

I wouldn't be self-employed if it wasn't necessary to make my living.


159 posted on 08/01/2004 7:31:29 PM PDT by scott7278 (Kerry/Edwards: More Affordable Hair Care for America)
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