plowhog
Elite Member
- Joined
- Dec 8, 2015
- Messages
- 3,055
- Location
- North. NV, North. CA
- Tractor
- Massey 1710 / 1758, Ventrac 4500Y / TD9
I did.How did he manage to pay in "100’s of thousands" to social security?
It has been a few years, so forgive me if I have the exact numbers wrong. I recall that, as an employer, I paid "my" 7.5% into social security, plus paid the "employer" contribution of 7.5% because *I* was the employer. So, 15% of my earning went to social security.
Then, I recall paying 7.5% as the "matching contribution" for each employee I provide a paycheck to. In those circumstances you are into the "hundreds of thousands" of dollars (and more) without question.