Re:Uber Hit with $650M Employment Tax Bill in New Jersey
by mamon on Thursday November 14, 2019 @07:02PM
(#21540961)
Don't know how that works in US, but here in Europe the answer is yes, the main reason people become contractors is because taxes for contractors are lower than for employees, which means more take-home pay for the same cost for the employer.
[ Parent
| on HN ]
Re:Uber Hit with $650M Employment Tax Bill in New Jersey
by heavyset_go on Thursday November 14, 2019 @07:45PM
(#21541219)
In the US, contractors have a higher effective tax rate than employees, and are responsible for FICA withholdings that are usually part of an employer's payroll tax.