That’s the difference...you own your truck and trailer. You are truly in business for yourself. Vs. the guys driving a company tractor for xx cents per mile....such as the white Volvo companies in Chicago.
(Sorry hit send button by accident) Yes as a 1099 guy you have to pay all of your self employment taxes. Also have had to carry my own WORKERS COMP, (not that crap oac that doesnt pay #### if your hurt) Wont argue about the accident part. But that is part of the reason movers carry a 5 million umbrella insurance policy. All that is part of the reason why I make over double the "w2 on the clock guys) Would i reccomend it? NO it is not for everybody. Especially not for people who cant manage their money, or who dont no how to research and plan. If I cold do it all over again. Would I go 1099 or w2? I cannot honestly say either way. Being a 1099 guy has its own share of headaches and rewards. Not for everybody. But I have and always will do whatever it takes to keep a roof over our head and food on the table.