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someDaysAreBetterThanOthers (lemmy.radio)

submitted 3 weeks ago by cm0002@literature.cafe to c/programmer_humor@programming.dev

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[-] tdawg@lemmy.world 0 points 3 weeks ago

You're not accounting for taxes and insurance. You lose way more to both as a self employed individual (at least here in the states)

[-] iamthetot@piefed.ca 8 points 3 weeks ago

If you're a self employed contractor, you're taking taxes and insurance out yourself, not from what you'd be paid.

[-] mcv@lemmy.zip 1 points 3 weeks ago

Exactly. When I was self employed, my monthly invoice was almost always in the 5 figures. From that you pay your VAT every quarter, save up for income taxes, pay all sorts of insurances, and what you've got left is a lot less, but the initial transfer looks very good.

[-] tdawg@lemmy.world 0 points 3 weeks ago

I'm not really sure what your point is. If I bill my guy 8k for the hours I did last month he sends me 8k. I then personally have to buy my own insurance and do my quarterly taxes

[-] iamthetot@piefed.ca 4 points 3 weeks ago

Right, which would happen after the direct deposit, so your entire tangent about taxes and insurance seems irrelevant to the meme and conversation involving the amount in the meme.