Selfemployment taxes are levied to ensure that the equivalent of Social Security and Medicare taxes are paid tv individuals who are self-employed. As you have seen, these taxes were established by the Self-Employment Contributions Act of 1954 (SECA). In this exercise, you will use the Internet to research both the historical evolution of SECA and the current impact of the act.

First research the components of SECA and the historical SECA tax rates. Then examine the primary objections to the act. Write a paragraph of at least five sentences in which you discuss the tax rate trend since the act was established and the arguments against this taxation. Then write whether you agree with the levying of SECA tax, and provide your reasoning.