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Old May 21, 2020, 12:56 PM
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GordonJ GordonJ is offline
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Join Date: Aug 2006
Location: West Palm Beach, FL
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Default And also. Taxes and expenses.

CONGRATS freelancer, you made your 100k last year. Then you paid your 38k in taxes (more or less), so you netted pre expense of around 60k, or 5k a month, and then you paid up to 1k a month for medical insurance, depending on if was just you or you have a family.

Then, there was rent/mortage, utilities, food, clothing, transportation, and misc expenses.

Point being, especially to those freelancers who bad mouth employees, who may earn the 100k PLUS have benefits...

even iffin you reach the magic promised land of six figures...what is/was your net and we see instead of the 50 dollar an hour freelancer, a 15 to 20 dollar an hour (if that) take home worker bee. But a FREE one, at that.

GordonJ
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