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Small Business Owners & Entrepreneurs

question everything

(47,407 posts) Sat Dec 8, 2012, 09:10 PM Dec 2012

Does the payroll "holiday" extend to self employed?

I know that last year, for 2011, self employment tax was 13.3% instead of the regular 15.3%. The same "payroll holiday" of 2% given to employees.

Will the same rule hold for 2012?

Thanks.

3 replies

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Does the payroll "holiday" extend to self employed? (Original Post) question everything Dec 2012 OP

Yes for 2012's taxes. It is set to expire for 2013 though. nt kelly1mm Dec 2012 #1

Thank you very much question everything Dec 2012 #2

off-course it will vary! trishnikolic Dec 2012 #3

kelly1mm

(4,732 posts)

1. Yes for 2012's taxes. It is set to expire for 2013 though. nt

Reply to question everything (Original post)

Sat Dec 8, 2012, 10:02 PM

Dec 2012

question everything

(47,407 posts)

2. Thank you very much

Reply to kelly1mm (Reply #1)

Sat Dec 8, 2012, 10:20 PM

Dec 2012

am looking at the end of the year expenses.

trishnikolic

(20 posts)

3. off-course it will vary!

Reply to question everything (Original post)

Wed Dec 12, 2012, 07:39 AM

Dec 2012

As a result of the political courageousness of President Obama, the folks inside the Beltway are finally having a serious discussion about taxing the rich. Obama is not only strongly fighting for higher tax rates on the higher-income earners, but he was the one who put the subject front and center in the election season.
and this may impact in varying tax rates.

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