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A comment on One Year After Quitting My Job. Parent comment

Re:One Year After Quitting My Job by jrockway on Saturday December 29, 2012 @02:22PM (#4983083)
Wouldn't it be good to figure this out before claiming to have doubled your salary? When you have a W-2 job, your employer pays a lot of taxes that are not included in your salary. When you switch to 1099 or self-employment, you now have to pay those taxes yourself.
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Re:One Year After Quitting My Job by stevenwei on Saturday December 29, 2012 @04:01PM (#4983449)
The employer pays 6.2% of wages up to $110,100 for Social Security and 1.45% of wages (no limit) for Medicare. It's small but known quantity.
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