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June 1, 2019
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Why is my self employment tax so high

  • June 1, 2019
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    Best answer by Vanessa11_2

    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. 

    1 reply

    Employee
    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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