re: Explain federal tax brackets to me...

quote:

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Payroll tax rates double if you're self-employed.

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True, but I used to deduct half from federal.

Now I just have a side job.
Max SS at job.
Still have to pay 1-2% Medicare tax on it though.

I hate income taxes.

If it was all sales tax at least you could decide if the purchase is worth the tax.

Dividends are taxed twice. At the company then when distributed to individual.
They tax us plenty and mange to spend more and more on things that are not necessary.