Question about employer taxes and expenses

D

deepachoudary

Registered Users (C)
Hi Rajiv,

I am an employee of a desi consulting company working on 70-30 basis. In my case I look for projects and there is no marketing in my company.

My question is,

What are expenses that my employer (there is only person that is my boss) would come across? There are about 30 consultants in our company.


The direction I am thinking is as EB3 is taking 4 to 5 years. Why pay him 30%, why not open a company with my cousin’s green card if that's worth doing.

Any suggestion or information is greatly appreciated.

My Status: H1 - Completing 1 year by this December.
GC - Applied in EB3 Jan 2005.Question about employer taxes and expenses
 
Last edited by a moderator:
say my employer gets 60 and he pays me 42 and keep the 18 bucks.
Out of 18 what all the expenses (no insurance i pay for mine)he will have.
 
Deepa,
As far as I know, the total taxes from the employer should not be more than 10-12% (including social security, medicare etc) of your share. So he gets to pay about 5 dollars as taxes and rest as profit. I was actually going to ask if he pays your insurance but you already mentioned he doesn't.
However you may want to remember that he is slightly bigger shop (30 ppl) than your cousin's company, which is relatively new, and this might make a difference if you want to stay with them for your GC. Instead, you may want to look around and find someone who may take 25-30% but they will pay your health insurance too.

Hope this helps.
 
sg1973 thanks for your reply.I am scared if i may i have different problems if i move.

I dont really mean to confuse you!! Lets see....

Deepa.
 
You must log in or register to reply here.
Top