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Old 06-26-2018, 11:05 AM
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Join Date: Jun 2018
Location: United States
Posts: 29

I have been working online (full-time) for about four and a half years. All of my work from home jobs (transcription, data entry, search engine evaluation, and market research) have been as Independent Contractors. I haven't actually come across a company hiring online workers as actual employees. You might check some companies that hire telecommute customer service workers. Some of those jobs might be W-2 employment opportunities.

However, you are right that being an independent contractor is a bit scary when it comes to taxes. You have to remember that Independent Contractors end up paying higher payroll (Self-Employment) taxes, because we have to pay both the employee and employer portion of Social Security and Medicare taxes. That comes out to about 15.3% of net earnings. In addition to SE tax, we still have to pay regular federal and state income taxes.

In short, you should study up on the tax issue if you decide to become an independent contractor.