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Sat Dec 8, 2012, 08:10 PM

Does the payroll "holiday" extend to self employed?

I know that last year, for 2011, self employment tax was 13.3% instead of the regular 15.3%. The same "payroll holiday" of 2% given to employees.

Will the same rule hold for 2012?

Thanks.

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Reply Does the payroll "holiday" extend to self employed? (Original post)
question everything Dec 2012 OP
kelly1mm Dec 2012 #1
question everything Dec 2012 #2
trishnikolic Dec 2012 #3

Response to question everything (Original post)

Sat Dec 8, 2012, 09:02 PM

1. Yes for 2012's taxes. It is set to expire for 2013 though. nt

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Response to kelly1mm (Reply #1)

Sat Dec 8, 2012, 09:20 PM

2. Thank you very much

am looking at the end of the year expenses.

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Response to question everything (Original post)

Wed Dec 12, 2012, 06:39 AM

3. off-course it will vary!

As a result of the political courageousness of President Obama, the folks inside the Beltway are finally having a serious discussion about taxing the rich. Obama is not only strongly fighting for higher tax rates on the higher-income earners, but he was the one who put the subject front and center in the election season.
and this may impact in varying tax rates.

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