Not sure what you mean by subtract. If you mean save away to pay yourself because as a contractor you don’t get paid time off – sure, you have to plan and be fi

Not sure what you mean by subtract. If you mean save away to pay yourself because as a contractor you don’t get paid time off – sure, you have to plan and be fiscally responsible. My personal experience being a contractor vs. employee though is that contracting is Significantly more lucrative. Not orders of magnitude more lucrative, but at least ~2x in gross terms. What really sets it apart for me though is the freedom to choose how to make the best use of that revenue. That freedom to me is priceless, and can absolutely increase that multiplier quite significantly by way of investments, expense allocation, pension schemes etc. It’s more responsibility and more admin than simply being an employee and collecting a salary and benefits, and it’s certainly not for everyone, and you will definitely need a good accountant, but in my experience being a contractor is worth every second of extra time and effort.