From: utzoo!decvax!harpo!npoiv!npois!houxm!houxa!houxi!houxz!halle1
Newsgroups: net.misc
Title: Re: A way to get out of SocSec?!
Article-I.D.: houxz.265
Posted: Fri Feb  4 17:03:11 1983
Received: Sat Feb  5 04:48:10 1983
References: houti.205

That is absolutely FALSE.  Self employed have to pay an additional self-employnt
tax that takes the place of FICA.  It goes on your record for later SS payout.
The kicker is that it is about 11%, not the 6.7% you pay now.  Of course that
is still less than your plus employer's contribution, but more than what
you see going now.  So if you want to be self employed merely to reduce SS
contributions, forget it.