are you taxed more if you are self employed 
yes self employed individuals face higher taxation due to the necessity of covering both the employer and employee portions of social security and medicare taxes totaling 15 3 this breaks down into 12 4 for social security 6 2 each for employer and employee and 2 9 for medicare 1 45 each for employer and employee however the irs allows a tax deduction on the employer s portion of the tax 10the bottom linefor self employed individuals the seca tax is a mandatory contribution to social security and medicare reflecting both employer and employee shares and totaling 15 3 additionally those with higher incomes might incur an extra 0 9 medicare tax however the irs offers deductions on the employer s share of this tax and other business expenses to lessen the tax load despite the higher tax rate for self employed individuals these provisions aim to balance their financial responsibilities and benefits 