No. You would have to pay in your share of social security and Medicare taxes, which are 7.65% of your gross earnings. You won't get credit for any income taxes withheld, since that was not done. If you report the earnings as self-employment income, you can deduct associated expenses, but your self-employment tax will be closer to 15% of your net earnings after you deduct your expenses. So, unless your business expenses are more than your earnings, you will be paying in taxes on the income you earned.
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