ok fine. continuing on my 408 rant. let's see how much of that $50/hr fee I as a service provider can reduce and keep w/o affecting my salary.
so i had $100,000 in gross receipts and lets say i was able to expense away a third of it. so now i've got $67,000 to pay social security tax on it -- even though i paid both halves as an independent i'm going to give back the "employer" half to my customers... 7.65% on 67k = 5125.
so now i'm charging $47.44/hr or $61.67 w/nrst.
i'll be generous and trust my expenses will drop that much too and i'll throw in my $250 tax preparation fee for good measure. now my rate drops down to a measly $46.05 or $59.87/hr for my customers.
so i get my full earned income now (or nearly so, minus about 8k), and my customers get and 19.74% increase in the cost of my services
wait a minute if my customers are getting an almost 20% increase in costs for what i provide --- how can i assume my expenses are going down??? hmmm... bad assumption.
yeah, i'm bizarre.
"... yeah, i'm bizarre ...".
Sad but true ... ignorant, too.