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Does anyone work as a statutory employee anymore? - Brachycephalic


Posted: Mar 12, 2011

I have been working as an IC for a while, but used to work as a SE where some taxes were taken out of my check and matched.  The self-employment taxes are killing me! My federal income tax is minimal (have great deductions/credits while my kid is still little, but that isn't going to last forever).

Has statutory employee gone the way of the dinosaur in MT?  It seems that I don't see any ads listing SE as an option.  I'm not looking to change MTSOs or get names of specific companies who have SEs, just more curious to see if anyone can say whether it still exists. 

I am SE, but... - MT

[ In Reply To ..]
Statutory is just a tax term for no state income tax taken out. The reason I am SE is because I live in a state that doesn't have an income tax, so obviously, it's not taken out of my paycheck. And I don't owe it.

so you had everything taken out of your check? - Brachycephalic

[ In Reply To ..]
Federal income tax, Medicare, Social Security? When I worked as an SE, there was no Federal taken out, so I'm a little confused when you said the only tax missing was your state tax. I had SS and Medicare taken out, but no Federal or state taxes. Unfortunately, my state wants every red cent they can get in taxes, but it's the self-employment tax that is nailing me every year (it was over $5500 in 2010 not including Fed or State taxes).

I used to work as SE and it was just as - you stated. NM

[ In Reply To ..]
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