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llporter · 09-03-2005, 02:19 PM

Others have said it already but get an accountant!!! You are going to be paying alot more than $12 on $40. Of course some depends on your income bracket, but remember with a 1099 you have to pay double Social Security and FICA. You pay yourside and the employers.

I am getting jammed with 50% going to taxes. Of course, I am paying for Bush's invasion of Iraq - but at least I am getting cheap gasoline. Blood for Oil just got more expensive -- $3.60 a gallon in my town.

09-03-2005, 02:19 PM
llporter Confirmed User Join Date: Jul 2005 Location: Boston Posts: 3,221	Others have said it already but get an accountant!!! You are going to be paying alot more than $12 on $40. Of course some depends on your income bracket, but remember with a 1099 you have to pay double Social Security and FICA. You pay yourside and the employers. I am getting jammed with 50% going to taxes. Of course, I am paying for Bush's invasion of Iraq - but at least I am getting cheap gasoline. Blood for Oil just got more expensive -- $3.60 a gallon in my town.