Ngl, I was shocked by the average freelance tax rate in my state

Honestly, I was just messing around with a tax calculator on the Freelancers Union site and it said we pay about 30% more than traditional employees. How are you all planning for that hit at the end of the year?

3 comments

3 Comments

margaretc4224d ago

Yikes, I just set aside a third of every check and try not to cry about it.

the_elizabeth24d ago

That feeling is way too real. Seeing that chunk disappear for taxes, insurance, and retirement before it even hits your account is brutal. It's like working a full day every week just for the government. Makes you wonder where it all actually goes sometimes.

susan_allen24d ago

Remember that retirement money is still yours though.