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From: rbowman <bowman@montana.com>
Newsgroups: comp.os.linux.misc
Subject: Re: Remember "Bit-Slice" Chips ?
Date: 15 Dec 2024 19:43:06 GMT
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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%.

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.