Question

What is the tax threshold (the level of income at which you begin to pay tax) for an entrepreneur or an informal worker?

Answer 1

For an entrepreneur or informal worker the self employment tax threshold is $400. Entrepreneurs, informal workers are part of the grey area of the economy and used to count for gross domestic product (GDP) or gross nationa product (GNP); however, when working an earner is eligible for taxation after earning $400.