The Complicated Financial Lives of Freelancers

Re:The Complicated Financial Lives of Freelancers by anoncoward111 on Tuesday October 02, 2018 @09:00PM (#18126908)

I'd work for $10 an hour paid cash upfront. If it's a 220 hour project, that's $2200 a month (post tax, because I required cash up front).

Nearly anyone could live on that if they have a roommate and no kids.

[ Parent | on HN ]

Re:The Complicated Financial Lives of Freelancers by Mvandenbergh on Wednesday October 03, 2018 @09:30AM (#18129961)

That is a somewhat idiosyncratic definition of post-tax.

[ Parent | on HN ]

Re:The Complicated Financial Lives of Freelancers by anoncoward111 on Wednesday October 03, 2018 @09:53AM (#18130166)

I think it's better to talk about the actual amount of money that is ending up in my bank account rather than mythical pre-tax rates that receive a 30-50% haircut, especially for 1099s.

If the business wants to deduct the expense, then I charge higher.

If the business somehow comes up with $2,200 a month in physical cash, then I won't question it.

Yes it's illegal, but that's actually for the IRS to prove and not me.

[ Parent | on HN ]