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To: NorthMountain

its not the same thing

In your case you pay half and your employer matches

If you are a sole proprietorship or sole owner of an LLC like me

You pay both halves

Roughly 20,000 year end year out as a self employment tax

Double what a max earner for someone else pays from their pocket


184 posted on 02/08/2016 1:19:07 PM PST by wardaddy (Boy the nasties are sure out in force here.....I hope someone is saving this)
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To: wardaddy
In your case you pay half and your employer matches

And ...?

Who pays corporate income taxes? The customer, of course. It's just another expense that gets passed on in the price of goods and services.

Who pays payroll taxes? The employee, of course. It's just part of the total cost of hiring him.

The difference between you and me is that you see the cost directly, I only see it if I know where to look.

190 posted on 02/08/2016 1:35:07 PM PST by NorthMountain ("The time has come", the Walrus said, "to talk of many things")
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