The tax rate for self-employment is 15.3 percent.
Self-employment tax.
Individuals working for themselves are subject to the self-employment tax, which is made up of Social Security and Medicare levies. It's comparable to how most wage earners' U.s. Social security taxes are deducted from their salary.
Self-employed workers must pay the same federal taxes as the rest of the population.
The difference would be that they don't have an employer who will deduct money from their salary and submit it to the IRS, or who will share the responsibility of paying Medicare And social Security taxes with them.
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