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re: *OFFICIAL* Tax results check-in thread
Posted on 2/17/14 at 3:33 pm to wmr
Posted on 2/17/14 at 3:33 pm to wmr
quote:
I will have paid $31,000 to state and federal when I send them "their money" in April.
Yep, if you're 1099, you get kicked in the fricking balls. I'm going Sub S next year, frick this self employment tax shite.
2
Posted on 2/17/14 at 3:34 pm to Vols&Shaft83
I will be 1099 in two months.
Posted on 2/17/14 at 3:52 pm to Vols&Shaft83
quote:
Yep, if you're 1099, you get kicked in the fricking balls. I'm going Sub S next year, frick this self employment tax shite.
You'll still have to pay self-employment taxes as a sub s. For most folks it's spread out over the year through the salary they pay themselves.
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