Thank you
Posted By: Patti on 2005-09-01
In Reply to: You go girl, I agree 100%. One of my - MI MT
Thank you. People are always posting on here that the think it is terrible that as an IC you have to pay your own taxes and it just blows my mind and irritates me. Basic tax accounting, no matter if it is withheld by an employer or sent in by quarterly estimates or at the end of the year, you the individual are still paying the goveernment. I just get more use of my money by being an IC and doing what all I can in deductions not to pay Uncle Sam. At the most we pay that additional 7.5% SS and that is still deducted from Federal income tax. I just hate it when they say "you have to pay your own taxes" and to me it makes them look less than bright.
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