[hsmomx3]

I wonder how it affects a person who is considered self employed making less than 5k annually. No other income.

[NonValueAdded]

Self-employed making over $400 net income you will only have to pay Social Security taxes on that amount. You may also qualify for the EITC if that didn’t get axed. Assuming you are not married and filing as single or head of household. If children are involved, you will do even better.

[Revel]

“I wonder how it affects a person who is considered self employed making less than 5k annually. No other income.”

The first thing you would do is subtract 12k From your income. If the result is not a positive number then you will pay zero in federal taxes.

[Brown Deer]

The Republican tax bill would cut taxes for about 75 percent of filers in 2018.

and that leaves 25% - but it doesn't mean that taxes will go up for the other 25%, because most likely most of them don't pay any income tax at all, and still won't.