It's the first time I hear that, do you have a link?
It's the first time I hear that, do you have a link?
From https://en.wikipedia.org/wiki/Tax_Reform_Act_of_1986
This was backed by IBM and lots of programmers had to change their classification. Many people lost income due to it.
>In one report in 2010, Moynihan's initiative was labeled "a favor to IBM."[19] A suicide note by software professional Joseph Stack, who flew his airplane into a building housing IRS offices in February 2010, blamed his problems on many factors, including the Section 1706 change in the tax law while even mentioning Senator Moynihan by name, though no intermediary firm is mentioned, and failure to file a return was admitted.
So then it should be fine as long as you go through a contracting/services company.
Some people I know lost 50% of their pay, it all had to do with taxes.