EPISODE · Jan 19, 2026 · 11 MIN
Calculate Your True 1099 Income | Budget Coaching for Independent Contractors
from Financial Coaching Kingdom Men: Learn to Budget, Save, Manage Money, Pay off Debt, Leave a Legacy · host Jon Langlois | Budget Coaching & Financial Coach
Gross pay is a dangerous illusion for 1099 contractors. In this episode, Jon and "Samantha" (a local Idaho professional) expose the 15.3% self-employment tax shock and reveal the Three-Account System—a biblical budgeting framework to eliminate debt cycles and steward your true take-home pay with confidence. Financial coaching meets tax reality. We discuss the 15.3% "surprise" tax, how to calculate your true take-home pay, and the Three-Account System designed to help you steward your business income with integrity and peace.Key TakeawaysThe 15.3% Surprise: Why being your own boss means paying both sides of Social Security and Medicare.The Idaho Reality: A breakdown of how federal and state taxes shrink a $20/hr rate down to ~$13.78.The Three-Account System: How to use a "Business Hub," a "Tax Vault," and a "Personal Paycheck" to automate your stewardship.Precision Tracking: Why "if it isn't tracked, it doesn't exist to the IRS."The Math: Samantha’s BreakdownGross Pay: $20.00Self-Employment Tax (15.3%): -$3.06Est. Federal Income Tax: -$2.00Est. Idaho State Tax: -$1.16True Take-Home: $13.78Connect with Us:Private 1-on 1 Coaching - Create a plan for your money and get some help and direction. Schedule at time today.Strategy SessionHow do you want to be contacted: Contact FormCheck out: Financial Coaching for Kingdom Men Blog.Join the NewsletterEmail: [email protected]Visit the website: www.financialcoachjonllc.comMusic by Sergio Prosvirini from PixabayAmbient Uplifting Presentation MotivationalIf you found this episode helpful, please share it with a friend or family member who might also find it beneficial. And don't forget to subscribe to our podcast so you never miss an episode on building your financial freedom!Disclaimer: The information presented in this podcast is for educational and coaching purposes only. Financial coaching is intended to provide guidance and encouragement; all financial decisions are ultimately the responsibility of the individual. Jon Langlois is not a CPA or a tax attorney. Please consult with a qualified tax professional for specific legal and tax advice.
What this episode covers
Gross pay is a dangerous illusion for 1099 contractors. In this episode, Jon and "Samantha" (a local Idaho professional) expose the 15.3% self-employment tax shock and reveal the Three-Account System—a biblical budgeting framework to eliminate debt cycles and steward your true take-home pay with confidence. Financial coaching meets tax reality. We discuss the 15.3% "surprise" tax, how to calculate your true take-home pay, and the Three-Account System designed to help you steward your business income with integrity and peace.Key TakeawaysThe 15.3% Surprise: Why being your own boss means paying both sides of Social Security and Medicare.The Idaho Reality: A breakdown of how federal and state taxes shrink a $20/hr rate down to ~$13.78.The Three-Account System: How to use a "Business Hub," a "Tax Vault," and a "Personal Paycheck" to automate your stewardship.Precision Tracking: Why "if it isn't tracked, it doesn't exist to the IRS."The Math: Samantha’s BreakdownGross Pay: $20.00Self-Employment Tax (15.3%): -$3.06Est. Federal Income Tax: -$2.00Est. Idaho State Tax: -$1.16True Take-Home: $13.78Connect with Us:Private 1-on 1 Coaching - Create a plan for your money and get some help and direction. Schedule at time today.Strategy SessionHow do you want to be contacted: Contact FormCheck out: Financial Coaching for Kingdom Men Blog.Join the NewsletterEmail: [email protected]Visit the website: www.financialcoachjonllc.comMusic by Sergio Prosvirini from PixabayAmbient Uplifting Presentation MotivationalIf you found this episode helpful, please share it with a friend or family member who might also find it beneficial. And don't forget to subscribe to our podcast so you never miss an episode on building your financial freedom!Disclaimer: The information presented in this podcast is for educational and coaching purposes only. Financial coaching is intended to provide guidance and encouragement; all financial decisions are ultimately the responsibility of the individual. Jon Langlois is not a CPA or a tax attorney. Please consult with a qualified tax professional for specific legal and tax advice.
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Calculate Your True 1099 Income | Budget Coaching for Independent Contractors
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