|
gptkbp:instanceOf
|
gptkb:tax_law
|
|
gptkbp:additionalMedicareTaxRate
|
0.9%
|
|
gptkbp:additionalMedicareTaxThreshold
|
$200,000 (single), $250,000 (married filing jointly)
|
|
gptkbp:administeredBy
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:appliesTo
|
independent contractors
self-employed individuals
sole proprietors
partners in a partnership
|
|
gptkbp:appliesToIncomeAbove
|
$400
|
|
gptkbp:codifiedIn
|
gptkb:Internal_Revenue_Code
|
|
gptkbp:compatibleWith
|
corporate employees
wage earners
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:dateEnacted
|
1954
|
|
gptkbp:deductiblePortion
|
50% deductible as adjustment to income
|
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
|
gptkbp:fullName
|
gptkb:Self-Employment_Contributions_Act_taxes
|
|
gptkbp:fundedBy
|
gptkb:Medicare
Social Security
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
SECA taxes
|
|
gptkbp:medicareRate
|
2.9%
|
|
gptkbp:medicareWageBaseLimit
|
no limit
|
|
gptkbp:notWithheldBy
|
employer
|
|
gptkbp:pays
|
self-employed taxpayer
|
|
gptkbp:purpose
|
to collect Social Security and Medicare taxes from self-employed individuals
|
|
gptkbp:relatedTo
|
gptkb:FICA_taxes
|
|
gptkbp:reportsTo
|
gptkb:Schedule_SE_(Form_1040)
|
|
gptkbp:section
|
gptkb:26_U.S.C._§_1401
|
|
gptkbp:socialSecurityRate
|
12.4%
|
|
gptkbp:socialSecurityWageBaseLimit
|
$160,200 (2023)
|
|
gptkbp:taxStatus
|
gptkb:Form_1040
gptkb:Schedule_SE
15.3%
|
|
gptkbp:bfsParent
|
gptkb:Self-Employment_Contributions_Act_taxes
|
|
gptkbp:bfsLayer
|
7
|