Thread: SE Tax Maximums?
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Old 08-15-2006, 06:42 AM
broiler broiler is offline
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Join Date: Oct 2004
Posts: 446
Default Re: SE Tax Maximums?
SE tax is based on your earned income from all sources combined. The cap for 2006 on the Social Security portion is about $94,200 (didn't look it up, but it is $94,X00). Therefore, you would only be subject to the 2.9% Medicare portion of SE tax, if your regular job paid more than the SS limit.
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