Do i pay 15% in employment taxes if im married and file jointly as a 1099 or is it less?

[xmasbaby0 · Accepted solution]

Self-employment tax for Social Security and Medicare is the same whether you file single or jointly.   It is the tax you pay for your own SS and Medicare since no employer paid half and did not withhold any SS or Medicare from your paychecks.

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

[Critter-3]

On top of the SE taxes owed on the profit of the Sch C business you will also owe federal/state taxes based on your filing status and total taxable income.  General rule of thumb is to save 20 - 30 % of the gross income for fed/state/SE  taxes until you know the profit margin on the business and a more exact  rate is determined.