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You are missing out greatly here, as this is where the benefit of being independent is. You get tax breaks on pretty much everything you do.
by desireco42 5y ago
You are missing out greatly here, as this is where the benefit of being independent is. You get tax breaks on pretty much everything you do.
- massysett 5y agoThis is no panacea, as it also means you have no employer paying Social Security taxes on your behalf, not to mention not getting any employer-provided benefits either.
- withinboredom 5y agoYou still have to pay SS (at least in the US and NL), it just doesn’t come out of your check every month. In the US, it’s pretty high (15%) IIRC.