Thank you guys for your response. I know that on W2 employer pays  half your SS and Medicare tax and you have to pay the other half whereas on 1099, you have to pay the whole thing which is around 15-16% upto 107K and then 2.9% or something like that. I did a lot of research on my own before I asked here. And I understand that either way you will pay almost the same amount in taxes. There is no getting around paying your taxes. I might have phrased my question wrong. What I want to know is in the state of CA approximately how much difference would W2@$60/hr vs. 1099@$70/hr would be. If it is significant where I can get someone to do my taxes and still come out on the positive side, I would go with $70, if its kind of same then I would rather go with $60.
Thank you again for your response.