Do independent contractors leasing pay more in taxes?

Then you would know how much to deduct.

 

You would actually have to make a deliberate effort to do it wrong.

 

That's a mistake.

 

Doesn't everyone already know this?
Everyone works 1099 once..then realizes their mistake.
You neen to make double or triple a company salary to take on all the headaches of being an independant contractor.

 

Did you set yourself up as an LLC?

 

So to me you're not serious about this as a profession or a business.

If you are that lazy to add up the receipts, just stay being a company driver.

Well it kind of provides my point of about the problems of those who are serious about this being a profession being dragged down by those who just want to make money and get by without doing the work.

 

I don't think this is fully accurate. This topic was discussed in a thread sometime ago and in that thread was posted where although you have to account for this extra 7% in another place you get a credit for it back. I am not an expert on any of this and never will be. I just remember that thread because I made this same mistake and someone corrected me.

 

I will research that. Good knowledge to have.