Re:ConvertKit: How Nathan Barry Bootstrapped an Email Market...
by charlesdm on Monday March 06, 2017 @05:53PM
(#13806837)
1. Assuming you keep it in a company, and actually are smart about releasing it when you need it, so you don't have to pay all the tax upfront.
Re:ConvertKit: How Nathan Barry Bootstrapped an Email Market...
by karambahh on Monday March 06, 2017 @06:08PM
(#13806933)
"keep it in a company" at least in France won't really help you, as social contributions are collected every 3 months.
They are very good at hounding you to pay (and inversely keen on giving you back any overpaid amount ;-) ) so the incorporation does not really help here. You still owe them about half the gross revenue.
After social contributions, 30k€ net revenue in France (actually a little more but I take the liberty to round that down).
In large cities, 33% of revenue for housing is not uncommon. We're left with 20k€, of which we have to substract revenue taxes (rule of thumb in that revenue range, about 1 month revenue per year) so here 5k€. 15k€ for 6 months. living frugally you can probably save 2/3 so you can save 10k€ in 6 months.
Assuming these ratio, it would take 2.5 years of steady, near fulltime employment as a contractor to save these 50k and go all out on your project.