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Financial Planning / Tax Strategies


Subject:  Re: New 1099er Date:  12/12/2007  12:56 PM
Author:  ptheland Number:  97177 of 123001

1) Other than the employer's portion of Social Security what other additional tax liabilities do I have which differ from the W-2 world?

It's not really a tax, but you are going to lose any unemployment benefits, worker's comp coverage, and possibly your state disability insurance coverage, if you have any.

2) Working on my own opens me up to quite a few retirement savi