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Reply to "My carpenter makes $116/hour"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]From that, your carpenter has to pay for health insurance, retirement/401k, insurance for his company, overhead costs, various taxes, etc. [/quote] He works alone, has no employees. Out of my $124/hr I also have to pay retirement, insurance (health, disability), plus umbrella not included, commuting, taxes, etc. None of which are deductible against income.[/quote] My DH is a carpenter/contractor and he charges $150/hour. He has to pay for health, life, liability, vehicle insurance, plus licenses and taxes which are tax deductible. He is highly skilled and his work adds value to your home. So the cost is enhancing the value of your investment. You on the other hand do work that is a pure expense to your customers. If you cure someone, they pay you and are out the money.[/quote] Let’s just hope your carpenter hubby has a higher iq vs you. Your post is, well…[/quote]
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