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If its been a long time since you've worked as a 1099, and if you're not covered by someone else's insurance, you may be startled by the price of your health insurance.
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Are used to be an Independent contractor for many years. Thanks to Obamacare I can no longer do that and must be an employee of a company. The reason is that my premiums went from $12,000 a year to $30,000 a year for my family. To add further insult to injury, Obama care insurance ( the individual market) Is really just a discount card in that it has a $7000 deductible AND the benefit is so poor that it no longer qualifies for HSA. Anybody who thinks keeping Obamacare is a good idea is either getting it for free—welfare or is an ideologue who has no experience with it. Good luck to you being an independent contractor, I did it for many years and it was a good deal, until my health insurance premiums went through the roof and the benefits became a discount card — thanks to Obama care. Being an independent now is only viable if you have a spouse that works or aren’t on your parents insurance.
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I would talk with a CPA about this. I did 1099 and although it's not hard sending in your estimated taxes every quarter, it's a bit tricky. You need to make sure that you're sending in the right amount or you will face a penalty. If things change from the previous year then you will need to make some adjustments.
I got screwed pretty bad because my wife made more bonuses so we ended up being a little short. Not terrible but instead of a potential refund we owed a small amount.
Also consider the cost of health insurance. That's a real killer, and now that I have a FT job with benefits I'm saving over $9K USD a year on that alone.
"Computer games don't affect kids; I mean if Pac-Man affected us as kids, we'd all be running around in darkened rooms, munching magic pills and listening to repetitive electronic music."
-- Marcus Brigstocke, British Comedian
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C-P-User-3 wrote: Just accepted a 1099 gig
Well, among the dumb and smart things, as they go hand in hand:
Dumb: Didn't put away 30% for taxes.
Smart: Took my base hourly pay rate and added 50% to factor in taxes, insurance, etc.
Dumb: Thinking I could make it as a contractor with piddly gigs
Smart: Getting long term lucrative contracts from large tech companies that, even though you're a contractor, pay you on a W2 so you're not paying self-employment taxes.
Dumb: File your own taxes
Smart: Pay a tax accountant. Can save more money than he/she costs. And they know the changes in the laws.
Otherwise, the rest is project specific. Some of the other dumb things I've done involved taking on a gig that I knew I'd hate (some bizarre Ruby on Rails app a guy was developing in the corner of the 10th floor in the Time Warner building that was completely vacant otherwise, yes, the whole damn floor and that required traveling to Virginia twice a month.) I realized there are some things I will not do no matter how much you pay me.
Latest Article - A Concise Overview of Threads
Learning to code with python is like learning to swim with those little arm floaties. It gives you undeserved confidence and will eventually drown you. - DangerBunny
Artificial intelligence is the only remedy for natural stupidity. - CDP1802
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Thanks for the input. Quite useful.
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Please go to Spam and Abuse Watch Discussion Boards[^] And report the QA question and user - baba has found a way through, so this needs to be fed to the spam detector as soon as possible.
Or we'll be flooded again over the weekend, I suspect.
[edit]
He's closed, so is it. Hopefully he won't be back ...
[/edit]
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
modified 14-Dec-18 9:45am.
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Good eyes, job is nearly done.
Rules for the FOSW ![ ^]
if(!string.IsNullOrWhiteSpace(_signature))
{
MessageBox.Show("This is my signature: " + Environment.NewLine + _signature);
}
else
{
MessageBox.Show("404-Signature not found");
}
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All over without waiting for me?
cheers
Chris Maunder
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If the "best" isn't yet to come, yes.
I only have a signature in order to let @DalekDave follow my posts.
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Bag Raiders - Shooting Stars[^]
I saw a few memes with this song lately (it's what this song became famous for).
For some reason I remember listening to this back when I was a kid, but I must've confused it with a different song because it was released in 2009 
Anyway, it DOES have a nice 90's vibe.
Listening to it once or twice per day and so it's SOTW 
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Are you very font of CSS?
"If we don't change direction, we'll end up where we're going"
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Nah, that's not my style...
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I am very ford of my focus.
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Too modern. At the moment I try to get a sound understanding of POKEY and SID .
I have lived with several Zen masters - all of them were cats.
His last invention was an evil Lasagna. It didn't kill anyone, and it actually tasted pretty good.
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That's your best shot for the week?
I'll mark that up as a an unfortunate flash-in-the-span.
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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Is that your most <strike>ing pun today?
"If we don't change direction, we'll end up where we're going"
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I call div's on the next one.
Software Zen: delete this;
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Guide to high definition globe broadcast? (8)
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
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Can't help but think shepherd 
We can’t stop here, this is bat country - Hunter S Thompson RIP
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Guide to
high definition HD
globe SPHERE
broadcast? (anag)
SHEPHERD
Is the correct answer! 
You are up Monday.
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
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It's always fascinated me the various ways you can solve a cryptic clue - in this case what led me to the "herd" part was broadcast ( so I heard something ) and globe had here in it - so I now have here,hear,heard and herd ! mixed with the Welsh factor and a bit of Blue Peter ! I definitely overdid the drugs in the 70s and 80s
We can’t stop here, this is bat country - Hunter S Thompson RIP
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If you remember the eighties ... you weren't there. 
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
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