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re: *OFFICIAL* Tax results check-in thread
Posted on 2/17/14 at 3:52 pm to Vols&Shaft83
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.
1
Posted on 2/17/14 at 4:02 pm to The Spleen
quote:
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.
Yes I understand that, I'll also be paying myself a lower salary, and taking the other income in distributions.
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