Theiss was very much active as of December 2020. They’ve just been recruiting so successfully through word-of-mouth that they haven’t gotten around to updating the website.
I don’t think healthcare and taxes undermine what I said, at least not for me personally. For healthcare, individuals can buy health insurance too. For taxes, self-employed people need to pay self-employment tax, but employees and employers both have to pay payroll tax which adds up to a similar amount, and then you lose the QBI deduction (this is all USA-specific), so I think you come out behind even before you account for institutional overhead, and certainly after. Or at least that’s what I found when I ran the numbers for me personally. It may be dependent on income bracket or country so I don’t want to over-generalize...
That’s all assuming that the goal is to minimize the amount of grant money you’re asking for, while holding fixed after-tax take-home pay. If your goal is to minimize hassle, for example, and you can just apply for a bit more money to compensate, then by all means join an institution, and avoid the hassle of having to research health care plans and self-employment tax deductions and so on.
I could be wrong or misunderstanding things, to be clear. I recently tried to figure this out for my own project but might have messed up, and as I mentioned, different income brackets and regions may differ. Happy to talk more. :-)
Theiss was very much active as of December 2020. They’ve just been recruiting so successfully through word-of-mouth that they haven’t gotten around to updating the website.
I don’t think healthcare and taxes undermine what I said, at least not for me personally. For healthcare, individuals can buy health insurance too. For taxes, self-employed people need to pay self-employment tax, but employees and employers both have to pay payroll tax which adds up to a similar amount, and then you lose the QBI deduction (this is all USA-specific), so I think you come out behind even before you account for institutional overhead, and certainly after. Or at least that’s what I found when I ran the numbers for me personally. It may be dependent on income bracket or country so I don’t want to over-generalize...
That’s all assuming that the goal is to minimize the amount of grant money you’re asking for, while holding fixed after-tax take-home pay. If your goal is to minimize hassle, for example, and you can just apply for a bit more money to compensate, then by all means join an institution, and avoid the hassle of having to research health care plans and self-employment tax deductions and so on.
I could be wrong or misunderstanding things, to be clear. I recently tried to figure this out for my own project but might have messed up, and as I mentioned, different income brackets and regions may differ. Happy to talk more. :-)