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aloft · October 10th, 2007, 03:33

As a contractor, you pay your share of Social Security--7.65%--AND what's normally the employer's share--also 7.65%--as "self-employment tax", for a total of 15.3%. Plus Medicare and your normal income tax.

October 10th, 2007, 03:33	#6
aloft Old Skool Join Date: Sep 2001 Location: Inside your OODA loop Posts: 7,181	Re: CFI Pay Goes Up To $2000 A Month... As a contractor, you pay your share of Social Security--7.65%--AND what's normally the employer's share--also 7.65%--as "self-employment tax", for a total of 15.3%. Plus Medicare and your normal income tax. __________________ ________\|________ -------(o)- ------° ° °