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Originally Posted by
Midwest Player
You are wrong. When you work for someone else like a company, they pay one half of the social security tax and you pay the other half which is deducted from your paycheck. If you are self employed you pay both halves which is a big 15.3%.
Not really. My point is that if you work for yourself, whether a Sch C filer or you form an S corp or LLC, both halves of SS still come from the same pocket. Working for corporate America or someone else is a different situation where your employer pays half the SS.
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