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Colorado Springs Accountant

Colorado Springs Accountant

Submitted by • March 4, 2013 www.watsoncpagroup.com

A common question from those who own their own business is How can I avoid self-employment tax? Unless you elect to be an S-Corp LLC your business profits will be subjected to both self-employment taxes (15.3%) and income taxes (10% to 39%) for a potential total of 54% in taxes. Wow! That's close to Belgium's rates.

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Voted by rahanlive

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