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Old 05-13-2002, 05:06 PM  
Chris R
Confirmed User
 
Join Date: May 2001
Location: Baltimore, MD USA
Posts: 1,151
Oops - I read your question wrong - states vary, but with the feds - you pay:

15% Self Employment Tax up to about $80K - anything over that is 3%

Between 10% and 39.1% extra in federal income tax

State Tax varies on where you live - and you get deductions.

Anyone making ~ $65,000 - $135,000 (after deductions) pays 30% in that range, plus 15% SE Tax + State
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