The S-Corp Election Math, With Real Numbers
The most expensive line on many contractors' tax returns isn't income tax. It's the one labeled self-employment tax: 15.3% on nearly every dollar of profit, before income tax even shows up. If you're a sole proprietor or a single-member LLC taxed by default, you pay that 15.3% on your profit. All of it. On $200,000 […]
The S-Corp Election Math, With Real Numbers Read More »
