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Hello and thank you for using Just Answer,Unfortunately yes. Self Employment tax is paid on income from self employment that is over $400. You will find under IRC Section 1402 the rules for Self Employment tax.
Self-employment income is income that arises from the performance of personal services, but which cannot be classified as wages because an employer-employee relationship does not exist between the payer and the payee. The Internal Revenue Code imposes the self-employment tax on the self-employment income of any U.S. citizen or resident alien who has such self-employment income. No where in the code will you find that retirement is an exemption from the tax.
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