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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)29. I did not. But I only had a few hours or self-employment.
I offered to do it for free. But they wouldn't let me. I believe I actually spent more time figuring out how to calculate my taxes than I spent on that job.
Since the self-employment tax was the same as the employer and employee shares of FICA, I assume the self-employment tax is in place of FICA.
Self-employment tax is *in addition* to the regular income tax. Your tax bill looks pretty big then. Assuming, of course, you report your income.
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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