FICA and SECA structures lead to nearly identical tax wedges, Kyle Pomerleau notes

Traders Union
All News
Market Voices
FICA and SECA yield similar tax rates

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Market Voices

Companies

1 hour ago

FICA and SECA structures lead to nearly identical tax wedges, Kyle Pomerleau notes — FICA and SECA yield similar tax rates

Kyle Pomerleau outlines the differences and similarities between FICA and SECA tax rates. FICA applies a 15.3% rate with a 50/50 split between employees and employers, and the employer portion is excluded from taxable income, resulting in a 14.2% effective rate.

SECA also levies 15.3% but on 92.35% of self-employed income, with half deductible, leading to a 14.1% effective rate. Pomerleau points out that the tax wedge for employees and the self-employed is nearly the same.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Pomerleau has previously pushed back on misinterpretations of economic data, arguing that net worth figures should not be seen as a direct claim on economic output. He has also written that retail sales taxes should not be applied to business purchases, suggesting instead the taxation of consumer services for revenue stability. These positions reflect his focus on technical distinctions in tax and economic policy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Did you like the article?

Editor's Picks for You

Aiming for leadership: Payment giants prepare a new stablecoin

By Mikhail Vnuchkov
9 hours ago

Aiming for leadership: Payment giants prepare a new stablecoin

Editors' Picks

Proof of Reserves: the new standard for cryptocurrency exchanges

By Pavlo Kot
04.07.2026

Proof of Reserves: the new standard for cryptocurrency exchanges

Editors' Picks

Three trends that could reshape the crypto market over the next decade

By Eugene Komchuk
03.07.2026

Three trends that could reshape the crypto market over the next decade

Editors' Picks

All Editors' Top Picks

Latest Kyle Pomerleau News

Kyle Pomerleau: Tariffs impose burden on investment regardless of expensing

By Eugene Komchuk
28.06.2026

Kyle Pomerleau: Tariffs impose burden on investment regardless of expensing

Market Voices

#Kyle Pomerleau

Net worth equal to half of CA GDP does not confer claim to output, Kyle Pomerleau notes

By Mikhail Vnuchkov
20.06.2026

Net worth equal to half of CA GDP does not confer claim to output, Kyle Pomerleau notes

Market Voices

#Kyle Pomerleau

Kyle Pomerleau: Retail sales taxes should not be applied to business purchases

By Eugene Komchuk
11.06.2026

Kyle Pomerleau: Retail sales taxes should not be applied to business purchases

Market Voices

#Kyle Pomerleau #Retail Sales

All Kyle Pomerleau News

Mikhail Vnuchkov
9 hours ago

Aiming for leadership: Payment giants prepare a new stablecoin

Pavlo Kot
04.07.2026

Proof of Reserves: the new standard for cryptocurrency exchanges

Eugene Komchuk
03.07.2026

Three trends that could reshape the crypto market over the next decade

Oleg Tkachenko
02.07.2026

Trump financial disclosure: How the president's crypto income became a U.S. ethics issue

Pavlo Kot
01.07.2026

Code red: What's behind Bitcoin’s sharp selloff?

Jose Antonio Gastelum
31 min ago

Mason Versluis: Memecoins are risky and not long-term investments

Daria Chernytska
51 min ago

Strategy sold 3,588 Bitcoin while President Donald Trump made $1.4B in crypto, Natalie Brunell notes

Yaroslav Dmytrenko
51 min ago

Alex Bosworth: Running a Lightning Network node is now easier than ever

Hanna Syniavska
52 min ago

Michael van de Poppe: Altcoin portfolio up 5% and 2% on initial positions

Jose Antonio Gastelum
52 min ago

David Gokhshtein: Latest data available for top cryptocurrencies at G MARKETS

Weekly Top Bonuses

Capitalcore

up to $2,500
deposit bonus for all clients

Your capital is at risk.

Top News

Jose Antonio Gastelum
4 hours ago

Bitcoin falls below $62,000 after new Strategy sale

Bitcoin falls below $62,000 after new Strategy sale

Eugene Komchuk
5 hours ago

Large investors return to private credit funds

Large investors return to private credit funds

Pavlo Kot
5 hours ago

Strategy sells 3,588 BTC for $216 million, cuts Bitcoin holdings

Strategy sells 3,588 BTC for $216 million, cuts Bitcoin holdings

Parshwa Turakhiya
6 hours ago

Ripple secures full MiCA licence in Europe

Ripple secures full MiCA licence in Europe

Igor Krasulya
7 hours ago

Citi strengthens presence in London bullion market

Citi strengthens presence in London bullion market

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

Alphabet consolidates as AI investment supports long-term outlook

Mykhailo Ihnatenko
Now

XRP faces Bitcoin pressure despite MiCA approval

Anton Kharitonov
Now

Microsoft tests key support as AI leadership underpins long-term outlook

Anton Kharitonov
Now

Apple rebounds above key resistance as AI optimism regains momentum

Mykhailo Ihnatenko
Now

IBM shares test key resistance as quantum outlook improves

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.