Question by brewerfanx1 : Any way to Reduce Self-employment tax my That I pay without decreasing my Income?
I Know That the Self Employment Tax is 15.3 percent.I make $ 70,000 a year, and I?m self employed. I get a 1099 aussi That states my Income. I Did One Of Those Turbo tax calculators on line and I Had more deductions then income options. So I did not owe anything on Income, But It Said That I Owed about 10.000 in self employment tax. Is There Any Way to Have to pay it not harry or simply Reduce it? Thanks. Best answer:
Answer by
Bibs
When you remove some day, you Will Be Glad That You Have All Those Accumulated Benefits. Do not fudge on this one. It is like shooting yourself in the foot.
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