Taxes aren't due until April 15th. So weekly withholding is nothing more than you giving the government an interest-free loan. Calculate your own taxes, stash a third of your check into a savings account & YOU collect interest on it until 11:59 PM on April 14th.
yes but consider other factors.... You are responsible for your own insurance. You are responsible for social security... You won't qualify for unemployment... The list goes on and on. In my opinion, a 1099 is just an excuse for a carrier to pay you crap wages, and it's not worth it if you're not making at least 35%.
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