what i did
Posted By: sm on 2007-08-14
In Reply to: IC status versus employee - midrat
I'm also new at this. I talked to my banker (conveniece); he suggested i take out between 20-23%. I talked to my tax person (early on) and we guessed maybe w/my tax bracket between 15-20% (so far set aside 18%) and i will go in and see her next month to be sure...but i looked at my previous job pay stubs and figured what percentage was taken out of there and that's what i patterned my current set-aside amount upon. I put mine in a separate account for that purpose so it'll not be inadvertantly spent for another reason. The best to you!
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