2007-03-31 06:24:25 · 4 answers · asked by Cherra R 1 in Business & Finance ➔ Careers & Employment
While vivianna is likely correct that social security won't exist (at least not for the people who have paid the most into it) by the time you need it, it's Federal law that YOU have to pay both the employER AND the employEE portion. And then, of course, there's the self-employment tax to boot.
Being self-employed is an expensive proposition. Hope you're charging accordingly.
2007-03-31 07:28:11 · answer #1 · answered by ISOintelligentlife 4 · 0⤊ 0⤋
Normally, when employed by a company, they pay 50% of the ss and you pay the other half.
My Mom was a real estate agent, thus was "in business for herself", so basically what that means is that YOU get to pay both halves.
2007-03-31 06:33:14 · answer #2 · answered by CG 6 · 0⤊ 0⤋
Put your moeny in a personal slush fund and do not pay into the system because there will be no Social security by the time you retire.
2007-03-31 07:21:39 · answer #3 · answered by Vivianna 4 · 0⤊ 0⤋
you do
2007-03-31 06:29:39 · answer #4 · answered by walter w 1 · 0⤊ 0⤋