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Thats only 750K$ - roughly have the price of a house in the Bay Area before taxes (maybe just enough for the down payment).
by kansface 8y ago
Thats only 750K$ - roughly have the price of a house in the Bay Area before taxes (maybe just enough for the down payment).
- kelnos 8y ago... and also consider that taxes (self-employment tax etc.) and expenses (health insurance) are higher when you're a contractor. You'll be lucky to see half that figure hit your bank account.
- watermelongunn 8y agoI'll give you that health insurance is more expensive as a contractor (though not enough to significantly cut into $750k), but if your taxes are also higher then you really need to talk to a good CPA. If you are doing it right, paying less in taxes is one of the BENEFITS of being self-employed.
- graedus 8y agoCertainly, but let's not forget that there exist other places to live :)