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re: Quarterly taxes

Posted on 7/10/17 at 7:02 am to
Posted by baldona
Florida
Member since Feb 2016
20512 posts
Posted on 7/10/17 at 7:02 am to
More like 40% especially when you include state. Medicare/SS is 15% alone on top of your income tax plus you have state tax. Medicare is 2.9% and SS is 12.4% I believe.

Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6550 posts
Posted on 7/10/17 at 2:48 pm to
Take the S-Corp election and tell Uncle Fica bye bye.
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