Oh Chicago, Chicago...

Discussion in 'ELD Forum | Questions, Answers and Reviews' started by DUNE-T, Feb 2, 2018.

  1. 06driver

    06driver Road Train Member

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    AOBR is not paper folks. But yeah any company that pays 1099 is junk. Take 30% off that pay for taxes and another 10-15 for insurance.
     
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  3. Pumpkin Oval Head

    Pumpkin Oval Head Road Train Member

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    No soup for you!
     
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  4. JJKid

    JJKid Medium Load Member

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    Chicago, IL
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    "flexible logs" in a advertisement... i rest my case.
     
  5. Timin770

    Timin770 Road Train Member

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    Do you have to pay more for taxes if you get 1099'd or would you pay the same as if you rec'd a regular paycheck? Or do you simply need the discipline to hold back a few bucks to pay taxes?
     
  6. Pumpkin Oval Head

    Pumpkin Oval Head Road Train Member

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    You pay double the amount of social security taxes of 15% instead of 7.5% as an employee. Income tax is the same as employee.
     
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  7. Timin770

    Timin770 Road Train Member

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    Canton, GA
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    I set up my own corp and pay way less as a 1099 than I would with a regular paycheck. Talk to an accountant
     
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  8. Jacoooooooo

    Jacoooooooo Medium Load Member

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    Oct 20, 2013
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    Don’t forget to hire yourself and run payroll. Is it still less tax?
     
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  9. mhyn

    mhyn Road Train Member

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    Northridge, CA
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    simon999, DUNE-T and Steel Dragon Thank this.
  10. Steel Dragon

    Steel Dragon Road Train Member

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    Got nearly 4000 miles this week running legal...but wont happen every week..:headbang:
     
  11. simon999

    simon999 Light Load Member

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    Feb 6, 2014
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    DUNE-T Thanks this.
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