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This is just social security. You pay the entire amount of 15.75 but it is on your net income after all your deductions. That is why you have to take advantage of every deduction you can for your business. As am employee you pay 7.5% and your employer pays 7.5%. Since you are the employee and the employer, you pay the entire amount. But get a good tax book and see what deductions you can take and plan for next year to take as much as you can legally.
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Self employment tax - just me2
