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The federal government derives 89% of its funding from income tax and payroll tax. https://www.nationalpriorities.org/budget-basics/federal-budget-101/revenues
by godzillabrennus 11y ago
The federal government derives 89% of its funding from income tax and payroll tax.
https://www.nationalpriorities.org/budget-basics/federal-budget-101/revenues/ https://www.nationalpriorities.org/budget-basics/federal-bud...
With contractors instead of employees the onus of paying taxes shifts to the unreliable individual. There is no way that this continues to grow unabated by legislation. Either these people will end up employees or they have to pay taxes using some kind of automated system special for the sharing economy.