To: Red Jones
lots and lots of people pay zero payroll taxes at all. I work as a consultant, I get an hourly fee, I pay zero payroll taxes.You don't pay SE tax ?
The high rollers would love to hear how you legally avoid SS and Medicare tax.
To: VRWC_minion
I don't know how it works, but when I work as an employee at a lower wage through a consulting agency I have taxes with-held and the tax rates are higher. But when I work as a consultant and am paid direct and a much higher rate, not through an agency, then I don't have it withheld and the tax rates end up being a lot lower. Come to think of it I know my tax consultant does take some money for social security tax, but it ends up being very low compared to what it would've been if it was a regular paycheck with the standard payroll taxes.
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