Re: Remember "Bit-Slice" Chips ?

On Sun, 15 Dec 2024, rbowman wrote:

On Sun, 15 Dec 2024 11:46:08 +0100, D wrote:
>

Yes! And add to that, all the reporting to the tax authorities, the
social security department, and then there's some kind of new EU law
that stipulates I have to send statistics to some government department,
I don't even know which one. That is also handled by the accountant. I
feel that if I were to do that myself, it would take 10-15 hours per
month, so I'll happily (well not happily, but it is worth it) pay 400
EUR to save me 10-15 hours of boring and useless work.

>
If you're self employed in the US you have to file quarterly. I suppose
that helps to keep you from getting too far afield. For employees the
Social Security payroll tax is 6.2% and the employer also pays 6.2%. Self
emplyed you eat the whole 12.4%.

Ahh... the land of the free! Try 31% in sweden or around 20% where I am now. Oh, and the 31% has a cap, so you only get part of that to fund your own retirement. The rest goes to happy arabians!

Sometimes there is friction between direct employees and contractors when
the direct people figure the contractors are raking in the big bucks. They
fail to consider the double dip on SS, the lack of health insurance, and
stable employment. That comes as a surprise if they decide to go out on
their own.  I carried a high deductible ($5000) medical disaster insurance
which was relatively inexpensive back then. Today a company insurance plan
may be a major attraction, particularly for people with families.

This is the truth and the reason why I do not have employees, only contractors. It would be _waaaaaay_ too expensive to have employees. I actually offered one of my guys a job once, but he turned it down. Then he stabbed me in the back and stole one of my customers, but that's a different story! ;)