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  1. C

    Jordan Addison to the portal

    Social security tax is only up to the social security wage base (somewhere around $140k) and then it disappears. The Medicare tax is on the entire amount at 2.45% and I believe that there is a increase in this past a certain adjusted gross income threshold. Yes, as a contractor, he will have...
  2. C

    Jordan Addison to the portal

    And he can only deduct $10k of that SALT tax. If it’s $1MM/year, that’s a $90k difference of money kept between being here vs. USCw assuming a 10% state tax. $180k on $2MM difference (and probably more). The dollar stretched far more here than out west.
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