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Understanding the Tax Implications of Being Self-Employed

When making the decision to join the ranks of the self-employed, it’s critically important ti understand the tax process and the simple fact that the self-employed are required to pay both ends of the Social Security and Medicare tax tab. That’s a whopping 15.3%–more if you end up with really high earnings. Besides that, you’ll need to file estimated tax payments quarterly on your own. Certified financial planner Jane Young provides some insight into the world of the self-employed in an article posted on Check it our here…

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