Can of worms??
Posted By: Patti on 2007-10-06
In Reply to: Need help with former IC vs Employee issue - OldFLMT
You may find that the deductions that you took were able to take are more than the 6.2 to 7.5% that they would have paid in SS benefits. (so many years it could be a different amount) That is the only difference in taxes you paid. Also without those deductions your federal tax would have been more and if you have to redo those tax years there could be penalities and interest knowing the IRS -- they will collect all that they can. Is it worth it for the 7% that you paid?? Good luck but look at all angles before you do anything and see if it will really benefit you. As if they have to go back and refile with you as an employee you will have to refile as an employee all those years.
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Talking about VR always opens up a can of worms
I love it, others dislike it, even saying the hate word. I can make $20 and up per hour on the platform I use. From what I read here, some are not so lucky to have a very good system and it slows them down to where their pay has been cut to a large degree. I love escription, have used it now for about 4 years and really hate to straight type anymore. I find the ESLs, at least where I work, are so much easier with VR than having to sort through what they are trying to say. I will say how a system is trained and who works on it has all to do with what kind of reports you have. You could have almost perfect reports with a good system that has learned well and then you could get a clunker with loads on teaching the machine various ways and that is where the problem lies with VR.
Opened a can of worms, eh? Truth hurts, but it is TRUTH!
8 cpl is about the top out in the US MT industry. If you're making more consider yourself lucky because it just might be snatched away from you at any moment. For the 14 cent per liner, good for you! You went out and got your own accounts. Others should follow your example. As far as the "stupid" MT comment, keep in mind that she was not consistent and **often** had one excuse after another not to work, yet I could see her online and when I would ask her why she was online she would give VERY lame excuses. Also, keep in mind that I also was the one who helped this gal out monetarily to begin with and she took advantage of my generosity. Don't make me out to be the bad gal here just because I own a service. The shoe could easily be on your foot.
So, NEWS FLASH, if you have an MT position that is paying more than 8 cpl, consider it a real blessing and pray that your job isn't outsourced offshore.
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