Self-Employment Contributions Act (SECA) taxes
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:additionalMedicareTaxRate |
0.9%
|
| gptkbp:additionalMedicareTaxThreshold |
$200,000 for individuals
|
| gptkbp:appliesTo |
self-employed individuals
|
| gptkbp:appliesToIncomeAbove |
$400 net earnings
|
| gptkbp:codifiedIn |
gptkb:Internal_Revenue_Code_Section_1401
|
| gptkbp:compatibleWith |
employees
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:enforcedBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:fundedBy |
gptkb:Medicare
Social Security |
| https://www.w3.org/2000/01/rdf-schema#label |
Self-Employment Contributions Act (SECA) taxes
|
| gptkbp:introducedIn |
1954
|
| gptkbp:medicareRate |
2.9%
|
| gptkbp:notWithheldByEmployer |
true
|
| gptkbp:pays |
self-employed taxpayer
|
| gptkbp:purpose |
fund retirement, disability, and hospital insurance
|
| gptkbp:reportsTo |
gptkb:Schedule_SE_(Form_1040)
|
| gptkbp:socialSecurityRate |
12.4%
|
| gptkbp:subjectToAdditionalMedicareTax |
yes
|
| gptkbp:taxStatus |
15.3%
|
| gptkbp:bfsParent |
gptkb:DI_Trust_Fund
|
| gptkbp:bfsLayer |
7
|