ðð Humpleupagus ðð on Nostr: Aren't you ignoring withholdings? The IRS is the biggest wage thief. It even requires ...
Aren't you ignoring withholdings?
The IRS is the biggest wage thief. It even requires the employers to steal on their behalf.
A self-employed person could simply not pay payroll taxes for example, and have use of that money until they decided to pay, if at all, a W-2 cannot avoid it.
Similarly, a W-2 can only avoid income tax withholding if they had no tax liability in the previous year and no expectation of such a liability in the current year. Again, a self-employed person could simply not pay the tax, including via quarterlies, and have use of the money.
Tl;dr you're a clown for looking at the employer and not your government. ð€¡
The IRS is the biggest wage thief. It even requires the employers to steal on their behalf.
A self-employed person could simply not pay payroll taxes for example, and have use of that money until they decided to pay, if at all, a W-2 cannot avoid it.
Similarly, a W-2 can only avoid income tax withholding if they had no tax liability in the previous year and no expectation of such a liability in the current year. Again, a self-employed person could simply not pay the tax, including via quarterlies, and have use of the money.
Tl;dr you're a clown for looking at the employer and not your government. ð€¡