Reply To: Redefining Retirement
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23 February 2018 at 7:32 am
#480272
I’m 43 and one of the very many reasons I’ve pursued woodworking is because I feel a calling to become independent from things like social security.
Good luck with that. A self employed artisan is required to pay both the employee and employer portions of social security.
You pay 12.4% instead of 6.2%. And you pay 2.9% Medicare instead of 1.6%.
Read and weep:
https://www.ssa.gov/pubs/EN-05-10022.pdf