Key Takeaways When you're self-employed, you pay 15.3% in Social Security and Medicare taxes—double what employees pay, because there's no employer to cover half.Tax payments are due quarterly.
Kelly Phillips Erb is a Forbes senior writer who covers tax. I am one in 33,185,550. That is, give or take a few thousand, the number of small businesses in the United States. According to the U.S.
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