It sure isn't fair
2006-12-24 12:34:10 · 7 answers · asked by Cuddly Lez 6 in Business & Finance ➔ Taxes ➔ United States
But, I heard that if you work from home, you pay more income tax quarterly.
2006-12-24 12:37:01 · update #1
Because they are sub contractors and have to pay self employment tax. You are a sub contractor if you receive a 1099 and if you are an employee you receive a W-2.
2006-12-24 16:22:34 · answer #1 · answered by B 4 · 1⤊ 0⤋
Pay more taxes than whom?
Teleworkers pay income tax, social security tax, and state or local tax the same as other Americans. The amount is based on their income, marital status and number of dependants.
2006-12-24 20:36:34 · answer #2 · answered by Stuart 7 · 0⤊ 0⤋
They do not. You may be considered a subcontractor. If that is the case you may need to file quarterly taxes which include self employment tax in addition to income tax. Even if you are considered a subcontractor the additional tax that you must pay is FICA and Medicare. This is the same FICA and Medicare that all employees must pay. The difference is that as an employee the employer is responsible for pay one half of the tax and making the payment for the employee and employer share. As the employer you are responsible for paying both halves for yourself.
2006-12-24 21:13:06 · answer #3 · answered by andjuw 2 · 1⤊ 1⤋
what are you talking about? You are taxed the same as everyone in you annual income!
2006-12-24 20:36:05 · answer #4 · answered by Monet 6 · 1⤊ 1⤋
different taxbraket
i kow this and i am 14
yo da hoe
2006-12-24 20:37:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
because they are more annoying
2006-12-24 20:35:33 · answer #6 · answered by Anonymous · 0⤊ 1⤋
They don't.
2006-12-24 20:36:00 · answer #7 · answered by coolmommy 2 · 0⤊ 2⤋