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by ex_ex_nihilo
2600 days ago
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If you were individual 1099, then no there is no advantage really. And you have to pay self-employment tax. If you were B2B 1099, there are ENORMOUS advantages. My average effective federal tax rate on ~$250k/yr is right around 1.8-2.2% because I'm 1099 B2B and have a great tax attorney and accountant. Obviously on paper I make like $30k a year or something stupid like that, I don't know. My attorney adjust things monthly or quarterly as necessary, starts new LLCs or whatever is required. |
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