When you work for yourself there’s flexibility with how much tax you pay, and most importantly, when it must be paid.
Not in the US in my experience. Switching from full time to contract/1099 work was a nightmare for me. You have to file and pay quarterly expected income tax payments. If you want to maximize retirement savings (401k etc) or even just get good healthcare you have to do all kinds of machinations to create a business with yourself as sole employee, etc. and increase the tax burden, filings and paperwork even more. It's an enormous burden and I honestly would rather just work full time instead of deal with this stuff.
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Not in the US in my experience. Switching from full time to contract/1099 work was a nightmare for me. You have to file and pay quarterly expected income tax payments. If you want to maximize retirement savings (401k etc) or even just get good healthcare you have to do all kinds of machinations to create a business with yourself as sole employee, etc. and increase the tax burden, filings and paperwork even more. It's an enormous burden and I honestly would rather just work full time instead of deal with this stuff.