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    oldactor's Avatar
    oldactor Posts: 3, Reputation: 1
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    #1

    Jan 19, 2008, 06:12 PM
    Fica taxex
    Must I pay fiac taxes if I am 73 and a sole propriator
    per14843's Avatar
    per14843 Posts: 4, Reputation: 1
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    #2

    Jan 19, 2008, 06:27 PM
    That I am aware you have to pay FICA taxes every year. There is a yearly amount and after that amount you do not need to pay any more for that year. It is your disability and kind of a retirement plan. They request all employers take it from your wages before you receive your net pay. I am not aware of a way to avoid it yet.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 19, 2008, 10:39 PM
    Already answered.
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