While I agree with most of what you say, being self employed is not all that. I know, I have done it. It is fast or famine. I seem to recall several folks on this list who are self employed have gone through some great times and some bad times. Sure you get a shit load of tax breaks, but to me the smartest way to do it is how I do it now. I work full time for shit pay (I am in the public sector after all) but also do a lot of side work form home. I get the home office deduction, cell phone is a write-off, most of my utilities are as well as any software and computer upgrades I buy. It helps me out a lot for my annual tax goal to not pay the government ANYTHING other than the taxes I get taken out each month. I have successfully ran my business in the negative for over 5 years now and it is working out great. I always get a great return. I love my accountant.
Bruce [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: > I have only one but very strong response/opinion based on this survey. It > just proves that this line of work has increased in the amount of knowledge > required to do the job but the pay has been significantly descreased as the > overall cost of living has increased dramtically. > > It no longer possible to contribute to 401k plans or save any of your salary > unless you have a inexpensive mortgage and don't live near NYC, New England > or California. > > It's abundantly clear to me that unless you want to live pay check to > paycheck, you need to come up with a business idea that utlizes your skill > sets and grow a business of your own. You could do Web consulting, but the > survey doesn't show great results in that area. I'm talking about creating a > unique product or service that people want and charge a small price and work > on volume or if you idea is extremely hard to compete against, charge a > premium for your product/service. > > There's more tax agvantages being in your own business. As an employee you > spend your money after it's already been taxed. When you're in your own > business, you spend your money related to your business, take the deductions > and then pay taxes. > You can write off your car payment, make it a company car, and expense meals, > travel etc. > > This survey just solidifies the truth that no one get's rich enough to have > an easy life while working for someone else unless you're an executive or are > lucky and likeable to survive a pre-ipo and post ipo company and all the > politics that goes along with a company's maturing process. > > I recently thought that there should be a union created for all Web related > professionals or someone needs to unite the web workers of the world in the > form of a franchise that utilizes a large cummunity of developers to complete > projects in half the time a small shop would or an individual employee. It > would become so cost effective for the customers, the international volume > would seep back into this country and would benefit US based Web > professionals. > > So go ahead, disagree, call me a bonehead, it's just one opinion. I think > developers work very hard for their earnings and have high expectations. > We're the gate keepers to the Web site world and I see us moving towards > becoming a commoditity and it makes me sad. > > I hope you share some similar views and that I'm not just on my own osolated > little planet. 8-) > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Get involved in the latest ColdFusion discussions, product development sharing, and articles on the Adobe Labs wiki. http://labs/adobe.com/wiki/index.php/ColdFusion_8 Archive: http://www.houseoffusion.com/groups/CF-Talk/message.cfm/messageid:291445 Subscription: http://www.houseoffusion.com/groups/CF-Talk/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.4
