You pay all Social Security and Medicare taxes
um... no. No you don’t pay ANY social security or medicare taxes! that’s one of the BIGGEST reasons to work for yourself. And the best part is... you will still get BOTH by appling for the benefits under your spouses name.”””
Don’t know where you get this idea.
Form SE is filed with your 1040 income tax forms & you are the employer & the EMPLOYEE-—you pay all of it.
Granted, you pay on your net income, not your gross, but you still must pay ‘both halves’.
I have run my own business for over 20 years and I don't pay a dime in social security or medicare, because I don't earn a salary and don't even receive a paycheck, I earn my income in the form of all the profits generated and it is reported as such.
Any business owner who is paying social security and medicare is doing so voluntarily because they want to collect, and if you don't pay into the system you can't collect. BUT if they like me have a spouse who has a job that is paying into the system, they can collect both as from their plan, the same as a housewife can collect off her husbands plan even though they never paid into the system.