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Money and Finances
Reply to "people don't realize they have to pay payroll taxes on individual housecleaners"
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[quote=Anonymous][quote=Anonymous] The reason the IRS cares is that the taxes an IC pays are a lot less than the taxes an employer would pay on an employee. Remember, the IC is only paying the employee's portion of taxes and Social Security. [/quote] And this is so not true. An IC must pay both portions - for the employee and the employer. But no unemployment tax though.[/quote]
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