Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

Contract job (hourly rate) as a 1099: How much would I be making after taxes?
In addition to taking into account your deductions, as mentioned by @bstpierre, you also need to account for vacation, and other time off such as sick days. You also need to estimate what percentage of the year you expect to be working and pro-rate your salary accordingly.  For example it is not uncommon to use 40 weeks out of the year which is about 77% of the time.  Also check to see if you would be eligible for unemployment for the times you are not working.  I suspect not.  But in any case, you might want to use worst case scenario figures to see if it is worth it, especially in this economy.