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Chickenhauler 11:31 PM 12-10-2009
Originally Posted by tymaboy:
Plus most employers take out for SS & Medicaid (which they pay part of) we have to pay the full amount in each at the end of the yr.
You only pay on what you profit, though. Not on your gross revenue.

After you get done deducting all your "expenses", there's not much (if anything) left to pay taxes, SS, Medicare, Fica, etc on.

Comparatively, if you were working a full time job, you'd pay much, much more into those programs (and that's not even counting the employer's contribution).
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