What Is Self Employment Tax?

Self-employment tax is one of the current taxes in the United States. It belongs to the category of income tax. [1] Self-employed persons usually have to pay self-employment tax and income tax. Self-employment tax is a social insurance tax and federal medical insurance tax mainly for self-employed people. It is similar to the social insurance tax and federal medical insurance tax that most employees are withheld from their wages. Generally, every When referring to self-employment tax, it refers to social insurance tax and federal health insurance tax, and does not include any other taxes (such as income tax).