What is the total self-employment tax percent?

Answer 1

15.3 %

7.65% paid by the employee and 7.65% paid by the employer. If you are a self employed individual then you pay the entire 15.3%.

Answer 2

15.3%.

The SS and Med tax for employees is 7.65%. The employer pays an equal amount on your behalf with their payroll taxes. If you're self employed you're both the employer and employee so you have to pay both halves, thence the 15.3% rate.

Once you exceed the max SS wage for the year (94,000 for 2006), your rate drops to 2.9% for the Medicare portion which is not capped.

Answer 3

I think it is 15.1X%. It is made up of the medicare tax and Social security tax rates. In effect it is double what is deducted from employee pay checks. Go to irs.gov and look it up. You might see it on the actual Schedule SE form. If you have to pay this as a self-employed person, don't forget that half of it can be deducted from your taxable income. I think you do that on one of the lines on the front page of the Form 1040.

Answer 4

Soc. Sec. x 2 => 6.2 x 2 = 12.4
Medicare x 2 => 1.45 x 2 = 2.9
Total = 15.3%

Answer 5

To much