[thelist] going solo?

[Chris George]

Absolutely.  And in the same vein, a general rule of thumb is to an employer
you're 20% more expensive than you get on your pay cheque.  It's like that
in Canada anyway from what I've seen.  So, say for example you make
$40,000/year gross:

To an employer you're actually sucking about $48,000 from their bank
account.

The flip side to that is if they didn't have to chip in you could probably
ask for more. :-)

Anyway.  The 2:1 ratio is what I've set for myself as well.  Between the
government and no benefits, the bank account tends to stay pretty low...

... Which is why I'm still employed full time. :-}

Anyway.  Just my .02 - I owe a tip for this.

Chris.

on 9/28/2001 12:52 PM, Bonnie Hammel at bonnie at generous.net wrote:

> On 27 Sep 2001, at 14:41, Gene Herrera wrote:
> 
>> I ran across this article and seemed to be perfect.  Check out
>> the example half way down, "...Sam, a self-employed website
>> designer, earned a $50,000 salary as an employee and feels he
>> should receive at least the same salary as an IC...
> 
> Independent contractors don't receive salaries.
> 
> Generally, it takes $2 in gross income as a self-employed person
> to equal $1 in salary.  Self-employed people have to pay *twice*
> as much for social security, while salaried people get health and
> life insurance, sick pay, vacations, workman compensation, etc.
> 
> deke