You don't pay unemployment for contractors, nor the employers share of FICA
Reader comment on: The Times Shell Game
Submitted by Lyle (United States), Dec 19, 2011 21:44
The difference in FICA is that the contractor pays both halfs of the FICA (self employment tax). Further no unemployment coverage, thus no premiums. No health care coverage etc. The big thing may be that you can just say bye bye and they are gone the next instant, no binding ties.
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