It's an income tax. You pay the same rate no matter where your income comes from. There's no higher income tax for self-employed. You will have to pay the employer portion of FICA taxes, though. That's about 15.1%. If you're getting 30% deducted from your check you're withholding too much. The biggest sign that you're withholding too much is getting a refund when you file your taxes.
Correcting people's misinformation isn't defending. If you post on here that the sun rises in the west and I correct you, I'm not defending sunrises.
lol, You are a computer....."you pay the same rate...no higher tax"...."you will pay the employer FICA tax"... lol stupid computer...
Read it again, but more carefully.
There's no higher
income tax
for self-employed.
(post is archived)