> 1099 means you owe self employment taxes, which can take a significant cut out of your gross earnings (ball park 10-15%). It's an additional 7.65% over what

> 1099 means you owe self employment taxes, which can take a significant cut out of your gross earnings (ball park 10-15%). It's an additional 7.65% over what a W-2 employee pays directly. You pay both employer and employee halves of payroll taxes. But payroll taxes are generally believed to be fully incident on wages anyhow, regardless of how you file them (http://www.nber.org/papers/w5053 http://www.nber.org/papers/w5053 http://www.nber.org/papers/w9537 http://www.nber.org/papers/w9537), and you get additional deductions that W-2 employees don't, which may end up working in your favor. The bigger variable is the value and cost of employer-paid nonwage compensation, primarily health insurance and retirement plan contributions.