Shakespeare's writing style. Detail from statue of Shakespeare in Leicester Square, London. William Shakespeare's style of writing was borrowed from the conventions of the day and adapted to his needs.
Thus, the self-employed individual must pay the IRS both the employee and the employer halves of Social Security/Medicare tax. Self-employed workers pay twice as much as either an employee or an employer pays for FICA taxes. The pressure a 15.4 percent flat tax puts on self-employed pushes many self-employed into the IRS deductions trap. Martha's story. Recently a friend who is a nationally known artist and sculptor went in to sign up for Social Security.
Payroll taxes, paid by wage-earners as well as employers, go to fund the Social Security retirement system. If you're self-employed, you pay into the system with self-employment taxes, calculated on your federal return.The Social Security Administration provides an easy way to check a current estimate of your retirement benefit, and find out how much you've paid in over the years.ocial Security makes information on your accumulated payments available on a Benefit Statement. At one time, the agency mailed out these statements every year to all workers with a record of covered earnings, meaning those who had contributed payroll or self-employment taxes to the Social Security trust fund.