I got slimed by rush today on his show...need help

[Curmudgeoness]

77. It DOES extend to the self-employed. Rush is an idiot

and since the people who listen to him just accept everything he says as gospel, he gets away with it.

This is the truth:

For 2011, you will pay 4.2 percent and your employer will pay Social Security taxes of 6.2 percent on the first $106,800 of your covered wages. You each also pay Medicare taxes of 1.45 percent on all your wages - no limit. If you are self-employed, your Social Security tax rate is 10.4 percent and your Medicare tax is 2.9 percent on those same amounts of earnings but you are able to deduct the employer portion.

So......4.2 percent plus 6.2 percent equals 10.4 percent. Prior to the payroll tax holiday, the self-employment rate was 12.4 percent.