Annual Taxes - Humor In The Drudgery: Difference between revisions
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Latest revision as of 07:06, 10 September 2026
One more week until Tax Day. Have you filed yours yet? I haven't (probably should onboard that, actually), lanciao and when I read in USA Today that roughly 47% of Americans won't even have to worry about paying federal income taxes, I start to wonder if I ought to even bother. Oh sure, there's the threat of prison time for tax evasion, but really, exactly what is the point if half the damn country isn't going expend up and leave scot-free?
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The net profit flows right through to the shareholders who then pay tax on cash. The big difference here is that the 15.3% self-employment tax doesn't apply. So, by forming an S Corporation, small business saves $3,060 for the majority on money of $20,000. The taxes still applies, but For those of you someone is supposed to pay $1,099 than $4,159. That is a large savings. carolinawaterpolo.com lanciao If you would reported considered one of those tax fraud schemes, you might well have received rewards as high as $1 billion.
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