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.
Talk with someone in human resources to find out if there are any changes to your health insurance when you turn 65. Also, find a SHIP contact for your state and talk with one of its counselors. If you decide to begin taking Social Security benefits, you will automatically be enrolled in Parts A and B of Medicare. If Social Security payroll taxes have been deducted from your pay for at least 10 years, Part A hospital insurance is free. Part B coverage does have a monthly premium but you can, as indicated above, decline this coverage.