- Nov 12, 2017
- 680
- 872
Yes I've heard of the marginal tax but money from Patreon classifies as Self Employment.Did you just multiply $7500 by 0.22 to get $1650? You should google how marginal rates work before scolding other users on their knowledge of taxes.
And with that said 22% was wrong it would actually be 15.3% for Self Employment, 12.4% for Social Security and 2.9% for Medicare.