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From "Geir Magnusson Jr." <g...@pobox.com>
Subject Re: Consulting rates
Date Mon, 08 Nov 2010 20:04:13 GMT
That's wrong.

You need to divide by 2.  $75k -> 35/hour....

geir

On Nov 8, 2010, at 2:48 PM, Rich Bowen wrote:

> Thank you. This is very helpful. I didn't know that there was a clear rule of thumb like
this.
> 
> On Nov 8, 2010, at 2:24 PM, Mike Kienenberger wrote:
> 
>> And since most people work 40 hours a week (approximately 2000 hours a
>> year), another more generalized way to state the rule of thumb is take
>> your preferred annual salary and divide by 1000.
>> 
>> Ie, $75,000 becomes $75 an hour.  In the US, keep in mind that taxes
>> on income after business expenses will be no less than 15.3% (self
>> employment tax) and most likely 30% or higher (se tax plus income and
>> other taxes), so a lot of this money disappears quickly :)
>> 
>> 
>> On Mon, Nov 8, 2010 at 2:05 PM, J Aaron Farr <farra@apache.org> wrote:
>>> Rough rule of thumb is to take your salary (or preferred salary),
>>> convert it to an hourly rate, then double it.
>>> 
>>> --
>>>   J. Aaron Farr
>>>   馮傑仁
>>>   www.cubiclemuses.com
>>> 
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>>> 
>> 
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> 
> --
> Rich Bowen
> rbowen@rcbowen.com
> 
> 
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