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Undertoad · 03-25-2004, 01:28 PM

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.

03-25-2004, 01:28 PM	#28
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	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.