Self-Employment Tax

Self-Employment Tax

A tax imposed on self-employed people, who must pay this tax in order to receive social-security benefits upon retirement.

Notes:

The self-employment tax may be reduced if the person also pays social security and Medicare taxes through another employer.

See also: Corporate Tax, Direct Tax, Income Tax, Indirect Tax, Local Tax, Payroll Tax, Property Tax

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Self-employment tax

A tax self-employed people must pay to qualify them to receive Social Security benefits at retirement.