If I become an IC from SE, how much more.. sm

Posted By: TNMT on 2008-01-31
In Reply to:

would I have to make per line to offset the increase in taxes I would have to pay? As I understand IC (which is not much), I would be responsible for all my taxes versus SE where my employer is paying a portion? I know this will probaby vary but if someone could give me some idea it would be really helpful. I see so many more IC jobs offered but feel at 8-9 cents a line it would not be profitable at all, more like 6-7 cents a line after taxes. I hope I'm wrong! Any help would be greatly appreciated! TIA

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If I become an IC from SE, how much more.. sm - TNMT
- Once again - Patti
- see link inside - sm
  - huh? - Bored IC MT
    - I think we're saying the same thing - sm
    - the link above - sm
    - IC - pay own SS; SE - employer pays half SS (NM) - AgingMT
      - Really Confused now - Bored IC MT
        Doh! I thought SE was statutory employee. Sorry! NM - AgingMT
        lol - jlo

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