That was good, and thorough. I knew that the SE person was paying his/her half and the employer's half, too, but you gave extra details.
I think this, also, is why it feels like a screw deal to the self employed. (BTW, I acknowledge I am not sophisticated about taxes. I use TurboTax.) Subjectively a a sort of celestial screw deal, I mean. Except at the upper levels where the very successful self-employed like a few actors and orthopedists and after tonight Kelly, reside... They see everybody else working 8 hour days, getting two to four weeks paid vacation, paid sick leave, all that stuff, and for most of the SE, their work is never done, they live in dread of getting the flu, when they take week off, the rent or mortgage doesn't, etc.
I know, what I said isn't about numbers, it's about psychology; and of course if the govt wants to encourage SE entrepreneurship, they could change the numbers, which might change the psychology somewhat. |