Shakespeare's writing style. Detail from statue of Shakespeare in Leicester Square, London. William Shakespeare's style of writing was borrowed from the conventions of the day and adapted to his needs.
Thus, the self-employed individual must pay the IRS both the employee and the employer halves of Social Security/Medicare tax. Self-employed workers pay twice as much as either an employee or an employer pays for FICA taxes. The pressure a 15.4 percent flat tax puts on self-employed pushes many self-employed into the IRS deductions trap. Martha's story. Recently a friend who is a nationally known artist and sculptor went in to sign up for Social Security.
Of the estimated 165 million U.S. workers who will pay Social Security payroll taxes in 2014, about 10 million will pay a higher amount as a result of the inflation-based increase in wages subject to Social Security withholding. Social Security and Medicare payroll withholding are collected together as the Federal Insurance Contributions Act (FICA) tax. By Jan. 1, U.S. employers should have: Adjusted their payroll systems to account for the higher taxable maximum under the Social Security portion of FICA. Notified affected employees that more of their paychecks will be subject to FICA. Withholding Rates Unchanged. The portion of the Social Security FICA tax that employees pay remains unchanged at the 6.2 percent ...