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.
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
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.
A month!? I know it’s regional but that’s low for a monthly deposit for a contractor!
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)
If you’re a self employed contractor, you’re taking taxes and insurance out yourself, not from what you’d be paid.
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.
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
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.
Reread the thread mate. If you already know that contractos charge more then you shouldn’t be this confused
You’re the one that needs to reread. For real.
It’s crazy how missing a single word can spiral out like this. My b y’all