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by heavyset_go
1310 days ago
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Try double or triple that at minimum. $60/hr as a contractor is the equivalent of $30/hr or less salaried. At $60/hr, it's probably even less than $30/hr because you are not eligible for ACA tax breaks and must pay full price for health insurance. The health insurance plans available on the individual market have large premiums and deductibles compared to plans that employers subsidize. You also have a larger tax burden, including the need to file quarterly. The rule of thumb for contracting is to take your salaried rate and double it at minimum. |
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