¶ … Self-Employment v. Conventional Employment
Many people believe that self-employment contains qualities that make people much happier than regular employment. In some cases, this belief appears correct, but in other cases it couldn't seem farther from the truth. The opinion about self-employment seeming better than conventional employment is all in how one looks at the world, and what one values in their working life. In order to clear up some of the differences between the two, this paper will examine four specific points that show great differences between self-employment and conventional employment.
First, people who choose self-employment often find that they seem to have more money, at least right at first. They do not have any taxes removed from their checks and other income, so it appears that they receive more than their conventional employment counterparts. However, they must pay their taxes, either at the end of the year, or every three months,...
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As Geisel (2004) notes: Income-tax deductions are worth the most to high-bracket taxpayers, who need little incentive to save, whereas the lowest-paid third of workers, whose tax burden consists primarily of the Social Security payroll tax (and who have no income-tax liability), receive no subsidy at all. Federal tax subsidies for retirement saving exceed $120 billion a year, but two thirds of that money benefits the most affluent 20% of
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Sociology of Work It has become a generally acknowledged fact nowadays that a new global economy is coming into view. This innovative international economy is distinguished "by the transnational flow of capital, goods, services and labor; by greater national specialization and increased competition across borders; and by the use of new technologies" (O'Toole & Lawler III, 2006). Moreover, it has completely disturbed the long-established ways of business responsibilities and operations. The United
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