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Self-employed workers are offered several huge tax benefits by being self-employed: 1. Writing off business expenses (gas, vehicle wear and tear, etc) 2. The
by jameslk 6y ago
Self-employed workers are offered several huge tax benefits by being self-employed:
1. Writing off business expenses (gas, vehicle wear and tear, etc)
2. The Qualified Business Income deduction of 20%
3. Larger contributions to tax-favorable retirement funds
Employment eliminates this in addition to adding several additional taxes (workers comp, unemployment, etc). These expenses are passed down to the employee in the form of reductions in wages.
So the implications of making large populations of self employed workers actually employed has great tax benefits for the government, at the expense of the worker.
- gher-shyu3i 6y agoShhh, don't spoil the socialist utopia with reality.
- astura 6y agoEmployers being expected to follow labor laws is a "socialist utopia" now?
- gher-shyu3i 6y agoThe government doesn't want to do its job. Nothing to do with labor laws.