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If you are self-employed, you have to pay both the employer and employee portions of FICA, for a total rate of 20 percent.

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The basic methods of tax planning are: reducing your overall income, increasing your number of tax deductions throughout the year, and taking advantage of certain tax credits.
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If you are self-employed, you have to pay both the employer and employee portions of FICA, for a total rate of 20 percent.






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