<prompt> Human: My dumb ass feels like its right fucked. I dont think I make enough to have to pay income taxes, which is what Ive been banking on so to speak, but since contractors are considered self-employed I apparently have to pay 15.3 regardless. To be clear I have not saved that up even a little bit. What should I do? Edit: Thank you all, this has been helpful  <response>: You have until January 15th to file your estimated taxes for Q4. Go ahead and do that to get caught up if you have the money, as the penalties will continue to accrue otherwise. When you file your 2016 return, if you dont have the money to pay you can suggest a payment plan and start making regular payments. 