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The difference between a W2 and a 1099 is this:
A W2 form is for hired employees - your employer takes care of deducting the appropriate federal and state withholding, medicare, and Social Security.
A 1099 is for independent contractors - it is <i>your</i> responsibility to handle the deductions come tax time - not a pleasant surprise if you're not expecting it.
Sucks to have to pay it all at once, doesn't it?
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If you want to avoid 95% of internet spelling errors:
"If your ridiculous pants are too loose, you're definitely going to lose them. Tell your two loser friends over there that they're going to lose theirs, too."
It won't hurt your fashion sense, either.
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