Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

W2 vs 1099 Employee status
In general that's illegal. If you're a W2 employee, you don't miraculously become a 1099 contractor just because they pay you more. If your job doesn't change - then your status doesn't change just because they give you a raise. They can be sued (by you, and by the IRS) for that. Other issues have already been raised by other respondents, just wanted to point out this legal perspective.