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On W-2, the employer and employee each pay 6.2% Social Security and
1.45% Medicare. On 1099, you pay 15.3% self-employment tax.
On Sun, Oct 23, 2016 at 4:23 PM, Helen OBoyle <hoboyle -at- gmail -dot- com> wrote:
> ... A 1099 contractor pays an additional 10% of so of their income toward
> social security taxes that are normally paid invisibly by their employer if
> you are on W-2. ...
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