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Business & farm
That's about right. You pay 15.3% SE tax on 92.35% of your Net Profit.
You were paying 100,000 x 92.35% x 15.3% = 14,130 SE Tax
Then on 90,000 you pay x 92.35% x 15.3% = 12,717 SE Tax
March 14, 2021
4:38 PM