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Don't know how that works in US, but here in Europe the answer is yes, the main reason people become contractors is because taxes for contractors are lower than
by mamon 7y ago
Don't know how that works in US, but here in Europe the answer is yes, the main reason people become contractors is because taxes for contractors are lower than for employees, which means more take-home pay for the same cost for the employer.
- heavyset_go 7y agoIn the US, contractors have a higher effective tax rate than employees, and are responsible for FICA withholdings that are usually part of an employer's payroll tax.