Former IC sm

Posted By: anon on 2005-12-19
In Reply to: What do all you IC's do about Social Security? (sm) - type 4 money

You either pay quarterly taxes or have extra taken out of DH's pay to cover the taxes.

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What do all you IC's do about Social Security? (sm) - type 4 money
- Self-employment tax IS Social Security... - IHMT
  - Thanks for the reply. - not confused now
- Don't you have to pay self-employment tax? Isn't that the same as SS? nm - ?
  - I thought the self-employment taxes were - confused
    - I'm confused too. I thought you had to pay self-employment tax if you didn't pay SS. sm - ?
      - I paid both self-employment tax AND SS last year. sm - ICme
        Then the above poster is wrong? Guess I'm confused again. nm - ?
        No, the above poster is correct. sm - anon
        Whew ... thanks! :-) nm - ?
- Former IC sm - anon
  - since I didn't pay into social security as an IC, I started a retirement plan to cover me. - Me

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