Self-employment - Self-employment in The United States

Self-employment in The United States

In the United States, any person is considered self-employed for tax purposes if that person is running a business as a sole proprietorship, independent contractor, as a member of a partnership, or as a member of a limited liability company that does not elect to be treated as a corporation. In addition to income taxes, these individuals must pay Social Security and Medicare taxes in the form of a SECA (Self-Employment Contributions Act) tax.

Read more about this topic:  Self-employment

Other articles related to "state":

Self-employment in The United States - Effects On Income Growth
... Research has shown that levels of self-employment in the United States are increasing, and that under certain circumstances this can have positive effects on per capita income and job creation ... A 2011 study from the Federal Reserve Bank of Atlanta and Pennsylvania State University looked at U.S ... self-employment levels from 1970 to 2000 ...

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