Can a Partnership Use a Social Security Number?
When this is the case, the tax gets split between the employee and employer, with each party paying half of what’s owed. As of 2019, the Social Security tax rate is 12.4%. If you’re employed by someone else, you pay 6.2%, and your employer pays 6.2%. However, if you’re self-employed, you have to pay both halves — the full 12.4%.
