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Businesses pay the same amount in payroll taxes as employees do. Self employed people pay double the payroll taxes.
by pb7 5y ago
Businesses pay the same amount in payroll taxes as employees do. Self employed people pay double the payroll taxes.
- prepend 5y agoTechnically, self employed people pay less than double because they can deduct the employer contribution. So I think it’s like 12.4% for self-employed vs, 7.5% for just an employee.