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One thing the authors forgot to mention is that Freelance Developers are responsible for paying for their own benefits, unemployment insurance, social security
by cwilterdink1207 14y ago
One thing the authors forgot to mention is that Freelance Developers are responsible for paying for their own benefits, unemployment insurance, social security and other taxes. So yes the folks at GoodSense are correct: you're probably going to make more $ each paycheck as a freelancer. But you will also be shelling out more $ for these taxes and benefits. At year end your income as a freelancer could be exactly the same as a full time employee. Good resource to learn the legal bits involved with freelancing is http://www.sba.gov/content/self-employed-independent-contractors http://www.sba.gov/content/self-employed-independent-contrac...
- sherm8n 14y agoYou realize you have to pay for all that stuff as full time employee too right? Sure you might get free health insurance at a really good company. But most you have to pay a percentage of the premium. For freelancers, there are a lot of private health insurance plans they can sign up for that are comparable to the ones companies offer. As a freelancer, you can also write off a lot of your expenses to reduce your taxable income. Bought a new Macbook Pro with retina display? Well, that's a business expense. A lot of benefits at companies are just fluff to make you feel good about working there.