Here’s a short video produced by three teenagers on
Teenage Taxation Without Representation
You can jump to 4:00 min to see me explain that the self-employment tax threshold of $400 has not been adjusted since 1954!
If it had been adjusted it would be $6,000!
Imagine being able to earn $6,000 before you had to pay self-employment tax! Think that would encourage some teens to start a micro business?
Help me and these teenagers adjust the tax on teen entrepreneurs. Click on the link for a letter you can send to your Representative or Senator.
Carol Topp, CPA