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.
Income From Pensions, Annuities, Interest, And Dividends. Pension payments, annuities, and the interest or dividends from your savings and investments are not earnings for Social Security purposes. Only earned income, your wages, or net income from self-employment, is covered by Social Security. You may have to pay income tax on pensions, annuities, interest, or dividends, but you do not pay Social Security taxes. Those types of income are not on your Social Security record.