Re: IRS regulations in business and education

From: Abraham Moses Genen (futurist@frontiernet.net)
Date: Sat Jul 19 1997 - 17:51:17 MDT


Abraham Moses Genen
**************************************************************
Being dedicated to the future progress of humankind
should be the prime concern of all civilized beings.
**************************************************************

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From: Perry E. Metzger <perry@piermont.com>
To: extropians@maxwell.lucifer.com
Subject: Re: Anarchy and spontaneous order in business and education
Date: Saturday, July 19, 1997 4:19 PM

[Delayed by DNS problems...]

> From: James Rogers <jamesr@best.com>
>
> This model assumes that everyone operates as an independent contractor.
My
> favorite aspects of this model is that it would make the work
environment
> very market driven. It would allow rapid and accurate adjustments in
wages
> as the market changed and as job requirements changed. However, the
> current structure of business is too rigid to adapt to such a fluid and
> equilibrium sensitive job model. I do know of (and have worked for) a
> couple small companies that actually operate this way.

Unfortunately, such companies would almsot certainly be torn apart by
IRS regulations concerning who is and is not considered an employee
for tax purposes. Operating as an independant contractor is highly
discouraged by the tax laws. Do too much work for one entity, and
suddenly both you and they will be in trouble with the IRS.

As someone who makes his living doing consulting work, I'm acutely
aware of the issues involved...

Perry

Dear Perry and other fellow Extropians,

I suspect that as business and education environments evolve, laws and
regulations which effect business and education will also evolve (though
not at the same speed) to meet the needs of the community.

That's been my experience. I wouldn't worry about it too much.

Enjoy!!!

AMG



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