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Stewart Way · 11-12-2010, 04:47 PM

Tim
Your right, and what the expenses don't eat, since he is an Independent Contractor, he has to pay 15.3% SS, 20-26% Fed Tax and likely 6% State tax on what he pulls out for pay. That takes care of over 40% of what is left. Not too much all considered.
Harry
My Haz. duty pay was 90/mo. in 73-74

11-12-2010, 04:47 PM	#5
Stewart Way Member Join Date: Aug 2003 Location: Atlanta Posts: 476 Likes: 20 Liked 70 Times in 22 Posts	Re: Interesting little tidbit Tim Your right, and what the expenses don't eat, since he is an Independent Contractor, he has to pay 15.3% SS, 20-26% Fed Tax and likely 6% State tax on what he pulls out for pay. That takes care of over 40% of what is left. Not too much all considered. Harry My Haz. duty pay was 90/mo. in 73-74 __________________ Stewart Way 2424 SS