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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (17662)12/31/2001 2:30:40 PM
From: Gary  Read Replies (2) of 18932
 
Hi Tom,

It means that you will have to pay payroll taxes (fica & unemployment). With both sides of fica costing 15.3% of gross wages and state and federal unemployment running around 3% (that's what new corps pay in Florida) it's probably not worth it. You will also have to file business tax returns for another cost.

You can wear your 3 piece suit to the library when getting the IW info. That will add a great deal of class to our thread.

Happy, healthy and prosperous New Year to all.

Regards.

Gary
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