The Good News, Bad News of Self-Employment Tax


The Good News, Bad News of Self-Employment Tax

Let’s go with the good news first. For 2011, self-employment taxes will decrease 2 percent. The bad news is that you won’t benefit from this tax cut for another year. And in the next couple months, you’ll have to pay the full 15.3-percent tax when you file your income taxes for 2010.

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