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garykopp
Level 1
June 1, 2019
Solved

Why is my self employment tax so high

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    Vanessa11_2Answer
    Level 13
    June 1, 2019

    Self-employment tax is 15.3% of your profit. You basically pay double what an employee pays as you are paying both the employee portion and the employer share. 

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    Vanessa11_2Answer
    Level 13
    June 1, 2019

    Self-employment tax is 15.3% of your profit. You basically pay double what an employee pays as you are paying both the employee portion and the employer share. 

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
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