Monday, February 27, 2012

Self-Employed Workers vs. Government Workers

Self-Employed Workers vs. Government Workers – A Financial Comparison « Union Watch
In both cases, the annual compensation used for comparison is $70,000, which is the average base salary paid to state and local government employees in California (ref. U.S. Census data for California: State, and Local).
But the impact of benefits paid by the government employer, combined with the impact of mandatory employee contributions (taxes, retirement set-asides, and healthcare costs), yield dramatically different end results in terms of total net compensation.
Both the self-employed worker and the government worker make $70,000 per year.
But to say they make the same amount of money is grossly misleading.

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