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Subject:Re: Your real worth: was: Salary Survey from STC From:"Tony G. Rocco" <trocco -at- NAVIS -dot- COM> Date:Thu, 11 Jun 1998 15:27:06 -0800
Good points all in Dick's post, EXCEPT that he neglects to mention the tax
deductions that can accrue to a self-employed person.Those would be
deductions for business expenses, home office, business use of car, sotware
and hardware necessary to one's job, etc. Those count in favor of the
contractor. Of course the truly self-employed contractor also pays a
self-employment tax, i.e. all of his or her own social security taxes.
I think of contracting as having the main advantage of allowing more
flexibility and autonomy. In financial terms, it seems that contracting
isn't really much better than captive employment at a good firm.
- Tony
At 12:52 PM -0700 6/11/98, Dick Gaskill wrote:
> Elna,
>
> I also know a few contractors who make $100K, BUT - and here's the
> catch - only as long as they are steadily employed.
>
> There's another BIG catch too.
>
> Since contractors usually have to cover their own insurances, (life,
> medical, disability, etc., it's a bit unfair to compare their salaries
> against those of salaried employees unless you add the value of the
> benefits that companies provide to salaraied employees. What you really
> have to look at is the total compensation you are receiving, not just
> the paycheck.
