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A comment on Ask HN: Is there any money in website design for small businesses anymore?. Parent comment

Re:Ask HN: Is there any money in website design for small bu... by danielvf on Saturday January 19, 2019 @02:46PM (#18948801)
If you are self-employed in the US, you pay an additional tax before you even start your regular taxes, and this tax isn't affected by your personal deductions.

You also need to pay for your own computers, SAAS services you use, etc. The more you make, the less this becomes an issue.

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Re:Ask HN: Is there any money in website design for small bu... by skinnymuch on Tuesday January 22, 2019 @10:13AM (#18968766)
The additional tax being social security and Medicaid? That’s 7.5% extra. And like child says half of it is tax deductible.

How can a 7% difference mean you compare non tax salary to taxed self employed income? As was the point of my comment. It doesn’t make sense. The disparity is way worse if you do that.

Also it was never said to compare revenue to salary. I assumed profit would be compared to salary.

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Re:Ask HN: Is there any money in website design for small bu... by mrhappyunhappy on Saturday January 19, 2019 @07:25PM (#18950149)
You can business expense just about anything. Also 50% of your Medicare and ss contributions if I remember correctly. Insurance premiums also 100% deductible.
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