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Old 11-11-2015, 11:44 AM
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Join Date: Nov 2015
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How do taxes vary for 1099 when income increases?

Hello!

Are self employment taxes more or less flat rate? For example, if my 1099 this year is $30,000 what it was last year, but next year it will be $30,000 less than this year, will it all balance out after 2 years? Or are my taxes substantially higher on higher income and not equally decreased with the lower income?

Thank you!!



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