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1099 contractors handle all their own taxes iirc, but I guess you can’t be anonymous and receive a 1099? Guessing most of these actually pay in cryptocurrencies
by elbigbad 4y ago
1099 contractors handle all their own taxes iirc, but I guess you can’t be anonymous and receive a 1099? Guessing most of these actually pay in cryptocurrencies which puts the onus on the individual I guess, but if the individual is not paying taxes in the US that’s illegal. Will one get caught? Maybe, who knows, the IRS is fearsome.
I love the idea though, was reading the Delfillama one and sounds very intriguing, aside from the fact that the pay is minuscule for full time work, seems like pay is in crypto, and all the onus would be on the worker to deal with taxes and figuring that out, but maybe that’s not more than a 1099? I love the ideas here in general though.
- 0xPersona 4y agoI think you're probably right, elbigbad. I'm hoping to learn from organizations about how they're handling this, and then share, so we can create best practices. Thanks for sharing your thoughts. Really means a lot.