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okay hi I'm Jeffrey Bellamy today I'm gonna talk a little bit about estimated tax payments and self-employment tax Music it's my goal to give that business by having people not owe taxes our tax system a pay-as-you-go so right now I'm an employee missing employee when I make a thousand dollars I get a check for seven hundred and forty two dollars the reason I get a smaller check is because my employer has withheld my federal and contest my state income tax and have my social security medicare when I'm self-employed then I get to be the employer and the employees so I have to afford my own federal and perhaps my own state income tax and both have a Social Security Medicare and those both have social security and medicare are what is termed self-employment tax that comes to 15.3% so for every thousand dollars you have a net income if you're self-employed you owe a hundred and fifty three dollars to the IRS just to cover your Social Security Medicare aside from any introduced the first qu

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