View Single Post
Old Jul 18, 2009 | 02:20 PM
  #9  
BetterBob's Avatar
BetterBob
Nobama
 
Joined: Sep 2004
Posts: 6,961
Likes: 0
From: Sarasota, Florida
Default

Originally Posted by Draconius
When I have done IC contracts, your worker gets HOSED! You are looking at 40-50% of that GONE. I had a lot of write-offs and barely level out with $3000 from the IC. It's a 1099 when you get it.

In CA you have to pay both sides of the state taxes. Employer and Employee portions

I'm in Florida, I don't pay the state anything on income.
Reply