Including both OASDI tax and the Medicare tax, self-employed individuals in the U.S. pay a FICA payroll tax rate of

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Self-employed individuals in the U.S. pay a combined FICA payroll tax rate of 15.30%, which includes both the OASDI (Social Security) tax and the Medicare tax. This rate is essentially double the rate for employees, as self-employed individuals cover both the employee and employer portions.

Including Both OASDI Tax and the Medicare Tax, Self-Employed Individuals