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My company has income, I have equity. This year the company will have no income and I will have pay. The tax liability is similar, except: Social Security. Last year I paid none; this year and every subsequent year I will pay double*, as does every self-employed person**.
*Yes, I know that in some sense all employed people pay double, it's just recorded as being "matched by the employer". Nevertheless I will have to find a way to bring in more income to pay for it on my own.
**With the exception of a small number of Radaresque tax-evaders/tax patriots. And those working the underground economy.
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