Yes some types of royalties are subject to self employment tax.Go to the IRS gov web site and use the search box for Publication 525 Taxable and Nontaxable incomeRoyaltiesRoyalties from copyrights,...
Yes, you will have to pay taxes on your self employment the first year you are in business, provided of course that you make a net profit under the method of accounting that you choose to use. If you...
Distributions from your 401K after you reach your retirement age the taxable amount will be subject to federal income tax at your marginal tax rate and may be subject to some state income tax.