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You must be having the checks made out to YOU.....not the business.
All business checks HAS to be made out to the business.......and deposited in the business account.
That is a federal law.
If I draw up a contract for $XXX and we agree on the scope and the price, I don't need government telling me I cannot work for my food. All my work comes by reputation and word of mouth. I do not advertise and I do not have my name in the phonebook. My General Liability policy is in my name. There is no licensing in my state. They let us be free to feed our families.
I have never been DBA'ed
If I draw up a contract for $XXX and we agree on the scope and the price, I don't need government telling me I cannot work for my food. All my work comes by reputation and word of mouth. I do not advertise and I do not have my name in the phonebook. There is no licensing in my state. They let us be free to feed our families.
I have never been DBA'ed
You are walking a thin line with this.......be careful.
You are walking a thin line with this.......be careful.
All it will take is ONE unhappy person.
No doubt. I go well beyond the scope of my contract and exceed expectations, on every job. In 40 years I have never not satisfied my client expectations. I am my own business... Truly self-employed. The buck stops here, not some corporate shield. It is my ass on the line if I screw up. That is why I have no help. I work solo.
No doubt. I go well beyond the scope of my contract and exceed expectations, on every job. In 40 years I have never not satisfied my client expectations. I am my own business... Truly self-employed. The buck stops here, not some corporate shield. It is my ass on the line if I screw up. That is why I have no help. I work solo.
Not sure where 13.5% came from, isnt it 12.4%? anyways....
So few realize that is not the 6.2%....Now for a fun fact....it doesn't apply on incomes over 112K. sooo if you make 100K, you pay 12.4% in FICA, and you've hit the federal 28% tax bracket. So at 100K you pay...if single...21.2% in federal, plus 12.4% in FICA (assuming you would otherwise get the fica paid on your behalf by your employer) for a total of 33.4% meanwhile folks like Romney pay 14.7%.......call it 14.71% with FICA added as it can only touch 12.4% of the first 112K....which is a rounding error for the .01%
14.7% vs's 33.4%. Yes the rich have it so hard.
Lie. Romney pays the same rate on earned income as you.
Lie. Romney pays the same rate on earned income as you.
2011 adjusted gross income: $20,901,075
2011 net after-tax income: $17,674,452
2011 tax: $3,226,623
2011 cash donations made to LDS church: $2,600,000 (on pg 69 of return)
Effective tax rate: 15.4% (in the press)
Tithing rate on gross pre-tax income = $2.6/20.9 = 12.4%
Tithing rate on net after-tax income = 14.7%
2010 adjusted gross income: $21,646,507
2010 net after-tax income: $18,636,741
2010 tax: $3,009,766
2010 cash donations made to LDS church: $1,525,000 (on pg 140 of return)
Effective tax rate: 13.9% (this is the key figure the press is flipping out about)
Tithing rate on gross pre-tax income = $1.5/21.6 = 7.0%
Tithing rate on net after-tax income = 8.2%
And dont even get me started on his IRA which is somewhere between 20-100 million. You know, IRA's which are supposed to have a $2,000 limit on contributions....
And dont even get me started on his IRA which is somewhere between 20-100 million. You know, IRA's which are supposed to have a $2,000 limit on contributions....
I'm sure you understand that capital gains are taxed differently. You're comparing apples and oranges.
I haven't studied Romney's accounts, but you can contribute more than that. Excess contributions are taxed at 6%.
What you can do is far more complex. It involves rolling over artificially low stock valuations into it.
And yes I DO understand capital gains are taxed differently......maybe....just maybe...thats wrong you know?
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