3 ms·
No to mention us self employed entrepreneurs who pay the "self employment tax"
by ry0ohki 14y ago
No to mention us self employed entrepreneurs who pay the "self employment tax"
- mikeash 14y agoEverybody pays it, it's just that half of it gets hidden from view when you're a regular employee.
- maxerickson 14y agoThe self employment tax is no less fair than the employer side of social security taxes. The only difference is it doesn't use silly accounting to hide the tax from the employee. It does seem to be the case that the chart omits the ~15% tax that goes to social security and medicare (well, 15% for people earning under the limit). So even the federal taxes on $100,000 are quite some more than 21%.