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Not sure about where you are but here the tax rate when not taken as an employee is effectively the maximum individual tax rate, so usually for actual cash it i
by jpc0 1y ago
Not sure about where you are but here the tax rate when not taken as an employee is effectively the maximum individual tax rate, so usually for actual cash it is best to pay yourself a salary from your freelance “business” and handle employees tax.
There are always loopholes and ways to work around which our tax code will happily discover and kill year on year.
So you get to pick how you want to pay tax but the amount usually isn’t much different when you get to the highest brackets