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What is the tax rate for independent contract labor in Texas (federal and self-employment tax combined)?
I recently started working for someone who owns his own business, but I'm considered independent contract labor or a "sub-contractor." I have to file my own taxes quarterly, and I need to know what percentage of my checks I need to pay for taxes. I live in Texas, so the only taxes I have to pay are federal and self-employment. Could someone please tell me what the total percentage is? <3 ::ReN::
Public Comments
- Not sure I know the answer, but I did notice that the small business online community has barbara weltman on the site tomorrow afternoon directly answering questions, so you may want to post it there. www.smallbusinessonlinecommunity.com
- visit IRS.gov site for valid answers or pick up income taxe books at bookstore/library. make sure u keep 'good' books.
