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by dragonwriter
3674 days ago
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You'd also need to subtract half of the self-employment taxes (equivalent to the employer share of payroll taxes) to get an employee-wage-equivalent figure. Assuming that the $12.3/hr is the net before SE taxes, SE taxes are about $1.74/hr and the employer-share-equivalent is $0.87/hr, leaving a wage-equivalent of $10.43/hr. Which is just barely above California's minimum wage ($10.00) today, and not (as suggested upthread) better than the most generous minimum wage proposals. |
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