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In reply to the discussion: I got slimed by rush today on his show...need help [View all]ieoeja
(9,748 posts)21. Does the payroll tax holiday not extend to self-employment taxes?
Actually, Limbaugh's an idiot out the box anyway. I own *two* small businesses and pay no self-employment tax. I did some consulting work once and paid self-employment then. But have never had to pay it because of the businesses I own.
That aside, if it so happens your work requires you to pay self-employment taxes, is there no partial payroll tax holiday on that tax? The one year I had to pay it, I noted that self-employment taxes were equal to the employer and employee share of the payroll tax combined. Did they forget that when crafting the payroll tax holiday?
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with all due respect -- since it's your thread -- you may want to reword your headline
villager
Feb 2012
#4
Don't you pay quarterly estimates if self-employed? If so there is no FICA withholding.
banned from Kos
Feb 2012
#22
Let me know when Obama lies us into a $2 trillion war, or says "Deficits don't matter" and
banned from Kos
Feb 2012
#27
LOL. He says "useful idiot" but here he is after his messiah Rush told him about this story.
FarLeftFist
Feb 2012
#44