Found a decent paying job

[dxkj]

Current job, ~ 51k salary, no overtime required, good vacation (3 weeks a year) unlimited sick days (taken 10.5 this year) free healthcare (good stuff, no monthly fee), decent retirement stuff, free soda, etc, but its a 170 mile daily commute (killing me in gas and maintenance)


Prospect job, $23hr contract job, 18 months contract, no good benefits, etc, its a contract job, this job is 4 miles round trip from home.





Kinda rough never taken a contract job before so I have no clue what its like comparatively..... probably dont get sick days or vacation days eh?

 

[gar3555]

Originally posted by: dxkj
Current job, ~ 51k salary, no overtime required, good vacation (3 weeks a year) unlimited sick days (taken 10.5 this year) free healthcare (good stuff, no monthly fee), decent retirement stuff, free soda, etc, but its a 170 mile daily commute (killing me in gas and maintenance)


Prospect job, $23 contract job, 18 months contract, no good benefits, etc, its a contract job





Kinda rough never taken a contract job before so I have no clue what its like comparatively..... probably dont get sick days or vacation days eh?

$23 sounds kind of low...I would want more than $23 for 18 mo of work

 

[pyonir]

in contract, you generally don't get any paid time off...that includes sick and vacation.

 

[Taggart]

Originally posted by: dxkj
170 mile daily commute

GOOD GOD! That would be an auto :thumbsdown: for me.

 

[imported_Kensai]

 

[Yossarian]

why don't you move closer to your job? that's a pretty steep pay cut once you factor in loss of bennies.

 

[mindmaniac]

Originally posted by: Yossarian
why don't you move closer to your job? that's a pretty steep pay cut once you factor in loss of bennies.

Unless you are firmly rooted where you are, I would consider the move. You can always drive to your old town on the weekends and would save a lot of money and your car would like you much more.

 

[dxkj]

Originally posted by: mindmaniac

Originally posted by: Yossarian
why don't you move closer to your job? that's a pretty steep pay cut once you factor in loss of bennies.

Unless you are firmly rooted where you are, I would consider the move. You can always drive to your old town on the weekends and would save a lot of money and your car would like you much more.

I just moved from 3 miles away from work to 85 miles away for my wife to go to Grad school, so no moving possible

 

[iwantanewcomputer]

Originally posted by: dxkj

Originally posted by: mindmaniac

Originally posted by: Yossarian
why don't you move closer to your job? that's a pretty steep pay cut once you factor in loss of bennies.

Unless you are firmly rooted where you are, I would consider the move. You can always drive to your old town on the weekends and would save a lot of money and your car would like you much more.

I just moved from 3 miles away from work to 85 miles away for my wife to go to Grad school, so no moving possible

move back and make teh btch drive?

 

[Rip the Jacker]

You should move !

 

[dirtboy]

Originally posted by: dxkj

Originally posted by: mindmaniac

Originally posted by: Yossarian
why don't you move closer to your job? that's a pretty steep pay cut once you factor in loss of bennies.

Unless you are firmly rooted where you are, I would consider the move. You can always drive to your old town on the weekends and would save a lot of money and your car would like you much more.

I just moved from 3 miles away from work to 85 miles away for my wife to go to Grad school, so no moving possible

Why not get a small place near your work and spend the weekends at your home?

 

[DAGTA]

$23/hour is approximately $46,000 salary. You'll be taking a cut.

Also, keep this in mind:
You get zero benefits.
No health insurance.
No retirement.
Your taxes will increase 15.3% to cover the part that your employer is not paying into Social Security and Medicare for you.

Overall, this will likely not be worth it.

 

[dxkj]

Originally posted by: iwantanewcomputer

Originally posted by: dxkj

Originally posted by: mindmaniac

Originally posted by: Yossarian
why don't you move closer to your job? that's a pretty steep pay cut once you factor in loss of bennies.

Unless you are firmly rooted where you are, I would consider the move. You can always drive to your old town on the weekends and would save a lot of money and your car would like you much more.

I just moved from 3 miles away from work to 85 miles away for my wife to go to Grad school, so no moving possible

move back and make teh btch drive?

my wife isnt a btch, she's really great

Besides... I get to stay at home and start my computer business after we get her through grad school Plus we bought a house up here, so no, we arent moving

It makes much more sense to get a new job, then keep an ok job that I dont enjoy, its just a matter of time finding one that is comparable in compensation

 

[vi edit]

Yuck. Contract for *only* $23 an hour? You'll be taking almost a 20% paycut. Plus no bennies. And no security.

But, on the flip side, with that much of a commute, your effective pay rate (counting commute time, gas, vehicle wear & tear, ect) might be about the same with the current job.

Tough call.

Spending 3 hours (or more) in a car every day would suck BIG TIME.

 

[dxkj]

Originally posted by: dirtboy

Originally posted by: dxkj

Originally posted by: mindmaniac

Originally posted by: Yossarian
why don't you move closer to your job? that's a pretty steep pay cut once you factor in loss of bennies.

Unless you are firmly rooted where you are, I would consider the move. You can always drive to your old town on the weekends and would save a lot of money and your car would like you much more.

I just moved from 3 miles away from work to 85 miles away for my wife to go to Grad school, so no moving possible

Why not get a small place near your work and spend the weekends at your home?

A small place near where I work would easily run $700 minimum a month.... its not a cheap area... and then I wouldnt have the TV computer, etc, and end up sitting around all night, I would have to get a second job to work at night


They are letting me work from home 1 day a week, hopefully I can up that to 3 and just keep my current job... 2 days a week 170 miles total wouldnt be bad

 

[dxkj]

Originally posted by: DAGTA
$23/hour is approximately $46,000 salary. You'll be taking a cut.

Also, keep this in mind:
You get zero benefits.
No health insurance.
No retirement.
Your taxes will increase 15.3% to cover the part that your employer is not paying into Social Security and Medicare for you.

Overall, this will likely not be worth it.

Good info! this is why I made the post. I am currently paying 20% tax off of my pay check, so you are saying I would be paying 35% tax as a contractor?

 

[MadPeriot]

Yea but you're probably on 1099 since you're a contractor. Many tax write off benefits.

 

[dxkj]

Originally posted by: vi_edit
Yuck. Contract for *only* $23 an hour? You'll be taking almost a 20% paycut. Plus no bennies. And no security.

But, on the flip side, with that much of a commute, your effective pay rate (counting commute time, gas, vehicle wear & tear, ect) might be about the same with the current job.

Tough call.

Spending 3 hours (or more) in a car every day would suck BIG TIME.

No joke, Ive been doing it for a month now, but I get by.... 85 miles each way, 1hr 15 minutes to 1hr 30 minutes each way

 

[dxkj]

Originally posted by: MadPeriot
Yea but you're probably on 1099 since you're a contractor. Many tax write off benefits.

I dont understand your crazy tax lingo.....

 

[MadPeriot]

Originally posted by: dxkj

Originally posted by: MadPeriot
Yea but you're probably on 1099 since you're a contractor. Many tax write off benefits.

I dont understand your crazy tax lingo.....

Are you on 1099 or W4? If you're on 1099 which you probably are since you are a contractor you get to write off things you eat, gas, mileage, some clothing, computer stuff, so in the end when tax time you won't owe as much.

 

[Koing]

Dude that is a crazy commute!

You only get 3 weeks? Meaning 15 days? wtf? I get 25 days and I just started but I am in England though.

Contract = if you don't work = no pay but you get paid more then if you were on on a salary.

Koing

 

[DAGTA]

Originally posted by: dxkj

Originally posted by: DAGTA
$23/hour is approximately $46,000 salary. You'll be taking a cut.

Also, keep this in mind:
You get zero benefits.
No health insurance.
No retirement.
Your taxes will increase 15.3% to cover the part that your employer is not paying into Social Security and Medicare for you.

Overall, this will likely not be worth it.

Good info! this is why I made the post. I am currently paying 20% tax off of my pay check, so you are saying I would be paying 35% tax as a contractor?

Yes.

My base tax rate is 40.3% with my business. You can get that lower at the end of the year with itemized deductions, but it's still going to suck writing a fat check to Uncle Sam 4 times a year.

 

[vi edit]

Originally posted by: dxkj

Originally posted by: MadPeriot
Yea but you're probably on 1099 since you're a contractor. Many tax write off benefits.

I dont understand your crazy tax lingo.....

1099 is just the self employed/independent contractor form of choice. You'll file a 1099-Misc at the end of the year.

You get to offest your taxes that you owe with business deductions -

A % of your car payment/gas/repairs/insurance/tags
Home office deduction which amounts to a % of your mortgage amount & some utilities
Items required for the job - laptops, printers, consumable supplies, ect

But for the type of work you'd be doing it, would be stretching the boundaries of the deductions a bit.

 

[DAGTA]

Originally posted by: Koing
Dude that is a crazy commute!

You only get 3 weeks? Meaning 15 days? wtf? I get 25 days and I just started but I am in England though.

Contract = if you don't work = no pay but you get paid more then if you were on on a salary.

Koing

Different countries. In the USA, most people only get one or two weeks (5 to 10 days) off in entry level jobs.

 

[isekii]

Why not move somewhere inbetween the School and Job ?