3 ms·
No way! It's more like a $15K/year job. 1) The tax treatment on 1099s is worse than for W2s 2) You're basing this on working (and billing) 2000 hours a year.
by andrewljohnson 11y ago
No way! It's more like a $15K/year job.
1) The tax treatment on 1099s is worse than for W2s
2) You're basing this on working (and billing) 2000 hours a year. That's not remotely reasonable, because contractors often have to spend time finding new jobs.
Plus 2000 hours is grueling! That means a strict 2 weeks of vacation - no sick time, no Christmas, no nothing. This is not how a W2 worker is treated, and most W2 workers (especially knowledge workers) can't produce quality work for 8 hours per day, year-round.
- zeroonetwothree 11y agoTrue, but contractors might also get overtime pay, so we can't just assume it's strictly worse. You also only have to actually work the hours you work, rather than working extra hours without extra pay.
- stephengillie 11y ago1. This is for their vendors - contracting companies who directly hire the employee. 2. I've worked many contracts, and I'm in one now. I expect to bill 2000 hours this year. 3. 2000 hours isn't grueling. I've done this much work a week in grocery retail and in IT, during the day and overnight, and it's easy. 2600 hours is rough. 3200 hours a year is grueling.