[michaelt]

When I say $75 an hour including overheads I don't mean a salary of $150,000 - I mean a salary of $60,000 plus tax plus health insurance plus pension contribution plus office space plus a desk plus a computer plus the calls to IT Helpdesk plus the line manager's time plus any commercial software plus other developers' time coaching plus the 20% cut paid to the recruiter plus the HR and payroll people's time plus networking and internet connection plus the backed up storage space on file and mail servers plus the car parking space plus a phone line plus cleaning plus the break room food and coffee.

Of course these things are company-dependent, but I'm a comparatively junior developer and for purposes of internal costing my employer costs my time at $75 an hour.