SIGIA-L Mail Archives: Re: [Sigia-l] Short Term freelance rates
Re: [Sigia-l] Short Term freelance rates
From: Sean Lawerence (slawrence_at_lucidvagary.com)
Date: Mon May 19 2003 - 14:55:57 EDT
Ah, but there are all those hiddens benefits that $30/ht wouldn't cover.
Highly subsidized health benefits: subrtract about $400+/month from your
wages
Payroll taxes are now on you to pay for both sides being employee and
employer when you are a contactor.
Vacation time, sick days, holidays, etc.
401k matching
Miscellaneous benefits from working for a company as a full-time employee.
Someone who makes $60k could bring home about $42k annually as a full-time
employee at a 30% tax rate _and_ get time off, sickdays, healthcare, etc.
Someone working as a contractor for $30/hr 40 hours/week Would pay at least
38% in taxes and bring home about $37k per year not including healthcare,
days off, 401k matching, etc.
I'd personally rather make $50k on salary as a fulltimer than $30/hr as a
contractor.
My 2 cents,
Sean
----- Original Message -----
From: "Rob Fitzgibbon"
> But doesn't $30/hr fulltime work translate to $60k USD a year? I'm sure
many
> independent practitioners would consider this a good salary - just not the
> ones who live in expensive areas like San Francisco or New York! ;)
------------
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