Quote:
Originally Posted by biku324
My 2023 income was all independent consulting - I got paid each time I sent an invoice. So; of the taxable amount, 24% was Fed tax, 12.6% SocSec (both sides), 2.9% Medicare, and 7% state tax.
Still not moving to the libertarian paradise of Somalia.
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After my late father retired from his regular job and the consulting contract from his old employer ran out, he tried operating his own consulting business. He said the government took so much from him it wasn't worth the effort and he became a complete retiree.