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by sanedigital
1624 days ago
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If you're self-employed your FICA rate basically doubles. Depending on your state, that means your tax burden at $40K could be ~$9-12K. Even with a subsidy you're looking at another $2-3K for health insurance. That makes your take-home less than $30K, 25% less than what GP proposed was sufficient income for basic comfort. |
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