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> And even after accounting for paying both sides of Social Security taxes Clearly you should probably continue doing what you're doing since you make way more
by skinnymuch 9y ago
> And even after accounting for paying both sides of Social Security taxes
Clearly you should probably continue doing what you're doing since you make way more. But there's more benefits to a higher end job than just not paying half the social security tax, right?
Ballparking but the extra SS tax is like $8K a year or so right? If you need to provide health insurance for more than yourself and want the sort of health insurance you'd get at the top end of SO jobs, the cost should dwarf the extra SS tax you pay. If it's just for yourself then the cost would probably still equal out to about as much as the extra SS tax, no? I know you might have a spouse that gets you covered under insurance. But that isn't the case for everyone. And there's other benefits like 401k matching.
I'm not sure exactly what else there can be. I've only worked for myself too. And I risk it and just get the cheapest catastrophe health insurance since I'm still young-ish. I probably write off a lot more than someone working at a top SO job though so there is that benefit. Hm maybe my post doesn't have too much of a point then, hah.