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recessionfreedom

2024-04-15 05:59:53

let me show you how the rich use 's corpse to avoid paying self-employment tax on a majority of their income
here's an example this is you you haven't lsd taxed as an s corp and you made one hundred thousand dollars in profits instead of paying fifteen percent on the entire hundred thousand
which is what most people have to do
we're going to split it up into both earned income
and ordinary income
you take thirty thousand dollars of your hundred thousand dollar profit
in a salary because the iris says that you have to
that is subject to taxes
the remaining seventy thousand dollars you're going to take in the form of s corp distributions
those distributions are not subject to that fifteen percent self-employment tax and pass through directly to your tax return
the more you know about the rules the better you can play the game
educate yourself and be good to future you