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.

Note: Comments are moderated by the editor and are subject to editing.

Other reader comments on this item

Title By Date
NY Times Hpocritically IC'ing Workforce [249 words]Geo DowleyDec 20, 2011 20:03
Defining Intent [54 words]Dan CalabriaDec 20, 2011 19:31
Defining "Independent Contractors" [45 words]BenDec 20, 2011 11:59
⇒ You don't pay unemployment for contractors, nor the employers share of FICA [51 words]LyleDec 19, 2011 21:44

Comment on this item

Mark my comment as a response to You don't pay unemployment for contractors, nor the employers share of FICA by Lyle

Email me if someone replies to my comment

Note: Comments are moderated by the editor and are subject to editing.