Talk:Self-employment
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Can someone please rewrite the confusing sentence:
Another tax implication is that a self-employed worker must directly pay both the employee and employer portions of the FICA tax, although the regularly employed also pay the full 12.4%, as their income is reduced by approximately 6.2% (so instead of 6.2%, they must pay 12.4% until they make enough that FICA is no longer paid). Self-employed workers must also pay 2.9% instead of 1.45% for Medicare on all income.
