Statutory Guidelines [Appendix A(6) Revenue Procedure 93-34] regarding rules under which a designated settlement fund described in section 468B(d)(2) of the Internal Revenue Code or a qualified settlement fund described in section 1.468B-1 of the Income Tax Regulations will be considered "a party to the suit or agreement" for purposes of section 130.
New Hampshire Revenue Procedure 93-34
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The California self employment tax rate for 2022 is 15.3%. As previously discussed, this includes your Social Security and Medicare taxes. Those who are self employed need to cover the entire 15.3% of these taxes in addition to paying the normal income tax rates.
The current self-employment tax rate is 15.3 percent. You'll be able to deduct some of your business expenses from your income when calculating how much self-employment tax you owe.
New Hampshire also has a 7.50 percent corporate income tax rate. New Hampshire does not have a state sales tax and does not levy local sales taxes. New Hampshire's tax system ranks 6th overall on our 2023 State Business Tax Climate Index.
New Hampshire has no income tax on wages and salaries. However, there is a 5% tax on interest and dividends. The state also has no sales tax.
New Hampshire's combined state and local general revenues were $13.8 billion in FY 2021, or $9,919 per capita. National per capita general revenues were $12,277. New Hampshire does not levy a general sales tax or individual income tax.
The 2022 FICA withholding rate for both employees and employers has not changed and will remain at 7.65%. This subdivides into 6.20% for the Social Security (OASDI) share and 1.45% for Medicare's (HI) portion. Self-employed individuals pay a FICA withholding rate of 15.3%.