What is the Social Security tax rate for a self-employed person?
The self-employment tax rate is 15.30 percent. The employee tax rate is 7.65 percent. The 7.65 percent tax rate is the combined rate for Social Security and Medicare. The Social Security portion (OASDI) is 6.20 percent on earnings up to the applicable maximum taxable amount. The Medicare portion (HI) is 1.45 percent on all earnings.
