Well more specifically we pay payroll tax twice - we pay the "employer" half and the "employee" halfhttps://twitter.com/realsesmith/status/819696480340492288 …
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Replying to @arthur_affect
When you're self-employed you wear both the "employer" and "employee" hat, with interesting/complicated legal consequences
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Replying to @arthur_affect
It's one reason it's helpful just for accounting to have an LLC that "pays you your salary"
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Replying to @arthur_affect
(Fun fact, some people think an LLC limits your liability if you get sued. If you are the LLC's only employee, it does no such thing at all)
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Replying to @arthur_affect
(I have been given the "Start an LLC to protect yourself" advice from VERY IMPORTANT PEOPLE WHO SHOULD KNOW BETTER)
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Replying to @arthur_affect
Anyway I'm not ready to jump on "self employed status = oppression" bc some very wealthy ppl abuse it very lucratively
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Replying to @arthur_affect
Specifically I'm thinking of being able to "pay yourself" a very low wage and pocket the rest as profit, like John Edwards did
1 reply 1 retweet 5 likes
But for most people yeah it sucks
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