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Old 09-24-2007, 11:46 PM
krishan krishan is offline
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Join Date: Jul 2004
Location: investing
Posts: 7,910
Default Re: Independent contractor qualify for SEP IRA?

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krishan,

The 18.6% rate doesn't apply once your SE-tax reached the point of only being 2.9%. At that point it is closer to 19.7%.

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I agree. Moot point for uber-successful poker players though. [img]/images/graemlins/grin.gif[/img]

Krishan
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