The IRS Has a Tax Cheat Sheet for Small Business Owners
from Fox Business
From Aug. 20:
Taxes are a big deal — especially for small business owners. The Internal Revenue Service can end up taking more than 50 percent of Schedule C profit in ordinary income taxes and self-employment taxes. After all, the highest tax bracket is now 39.6 percent, and the self-employment tax is 15.3 percent.
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