crankyrebel@lemmy.dbzer0.com to Memes@lemmy.ml · 6 days agoMe Living In the USlemmy.mlimagemessage-square83linkfedilinkarrow-up1810arrow-down126
arrow-up1784arrow-down1imageMe Living In the USlemmy.mlcrankyrebel@lemmy.dbzer0.com to Memes@lemmy.ml · 6 days agomessage-square83linkfedilink
minus-squareArchangel1313@lemmy.calinkfedilinkarrow-up4arrow-down18·6 days agoNo one in the US pays 30% income tax. Only the top 10% have to pay more than 30%…and they’re rich enough to qualify for so many tax breaks at that point, that their effective rate is less than half that.
minus-squarebdonvr@thelemmy.clublinkfedilinkarrow-up1arrow-down1·6 days agoYeah I just checked and I’m looking at around 15-16% adding together federal tax+FICA/FMHI
minus-squareParadachshund@lemmy.todaylinkfedilinkarrow-up11arrow-down1·6 days agoAs a sole proprietor, yes we do.
minus-squareArchangel1313@lemmy.calinkfedilinkarrow-up1arrow-down6·6 days agoThen you need to fire your accountant…or start taking their advice. Either way, you’re doing it wrong.
No one in the US pays 30% income tax. Only the top 10% have to pay more than 30%…and they’re rich enough to qualify for so many tax breaks at that point, that their effective rate is less than half that.
Yeah I just checked and I’m looking at around 15-16% adding together federal tax+FICA/FMHI
As a sole proprietor, yes we do.
Then you need to fire your accountant…or start taking their advice. Either way, you’re doing it wrong.