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aloft · February 11th, 2005, 04:14

[ QUOTE ]
Minor point to the overall theme of debt sucks, but it seems to me that you took too much out for taxes.

[/ QUOTE ]

If anything, I didn't take out enough. "Independent Contractor" means you'll pay 15.3% just in Social Security/Self Employment taxes. Your state and federal income taxes are on top of that.

February 11th, 2005, 04:14	#23
aloft Old Skool Join Date: Sep 2001 Location: SL,UT Posts: 8,165	Re: How difficult is it to get financing? [ QUOTE ] Minor point to the overall theme of debt sucks, but it seems to me that you took too much out for taxes. [/ QUOTE ] If anything, I didn't take out enough. "Independent Contractor" means you'll pay 15.3% just in Social Security/Self Employment taxes. Your state and federal income taxes are on top of that.