My Account
Sign up, and you can make all message times appear in your timezone.
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Jan 16, 2023
12:08
:41
am
Coach's Dad
All-American
Wait he doesn’t have to pay the employer portion of SS still? I thought he did.
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
Coach's Dad
Bio page
Coach's Dad
Joined
Jul 29, 2003
Last login
May 8, 2024
Total posts
17,356 (424 FO)
Report problem with this ad
Messages
Author
Time
Question for all you tax gurus
DK-
1/15/23 11:56pm
Once you max out on SS then you don’t have to pay anymore
oohYeah
1/16/23 12:02am
Got it thanks! Any downside to taking as much income as possible as 1099
DK-
1/16/23 12:03am
Wait he doesn’t have to pay the employer portion of SS still? I thought he did.
Coach's Dad
1/16/23 12:08am
Yeah, I think you’re right.
oohYeah
1/16/23 12:19am
No. He does not.
BYU-Ite
1/16/23 6:13am
Usually you would pay more tax with a 1099, because
BYUCPA
1/16/23 12:10am
It gets complicated. If your income is up around 500k
oohYeah
1/16/23 12:13am
You’re still paying slightly more in payroll taxes as you will pay the 2.9%
BYU-Ite
1/16/23 6:15am
I will just add that you and your employer can’t just “decide” to make some of
eoscougar
1/16/23 7:22am
This is correct, tread carefully.
mbs6
1/16/23 7:57am
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad
