And then due to some Microsoft court case in 1999, they also did away with permanent contractors as well (now after 1 year, you must be incorporated).
Who did this benefit? Not the government, they lose taxes as now the contractors have to incorporate (filtering your income through an S-corp allows you to deduct all sorts of expenses). Not the contractors who now have to maintain and run a corporation.
It's always the corporations who benefit. Corporations are largely owned by the massively wealthy.
Who did this benefit? Not the government, they lose taxes as now the contractors have to incorporate (filtering your income through an S-corp allows you to deduct all sorts of expenses). Not the contractors who now have to maintain and run a corporation.
It's always the corporations who benefit. Corporations are largely owned by the massively wealthy.