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Forum: USA

Oct 6th 2017, 10:50 am

Replies: 18

Question about Self Employment taxes

Views: 1,779

Posted By Pulaski

Re: Question about Self Employment taxes

Yeah, that's what I was thinking - so $15k self employment, and around 20% income tax on the net of $85k i.e.another $17k +/- gets you into the low $30k's range I mentioned originally. :unsure:

Forum: USA

Oct 5th 2017, 11:02 pm

Replies: 18

Question about Self Employment taxes

Views: 1,779

Posted By Pulaski

Re: Question about Self Employment taxes

Not sure. .... I've tried a couple and either I am wrong (taxes are less than I suggested in #2 above) or self employed people who whine about the amount of tax self employed people pay are whining...

Forum: USA

Oct 5th 2017, 10:49 pm

Replies: 18

Question about Self Employment taxes

Views: 1,779

Posted By Pulaski

Re: Question about Self Employment taxes

The SS payments ("payroll taxes") for employers, and therefore self employed are fairly brutal. I would guess that 30% might not be sufficient and would recommend starting at 35%, then be pleasantly...

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