Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 11-11-2015, 11:44 AM
Junior Member
 
Join Date: Nov 2015
Posts: 3
How do taxes vary for 1099 when income increases?

Hello!

Are self employment taxes more or less flat rate? For example, if my 1099 this year is $30,000 what it was last year, but next year it will be $30,000 less than this year, will it all balance out after 2 years? Or are my taxes substantially higher on higher income and not equally decreased with the lower income?

Thank you!!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
2015 AGI + 1099 income >> 2014 AGI, help with estimated taxes vtrang Estimated Taxes 2 08-13-2015 09:54 PM
IRS extends threshold amount for back taxes and increases the repayment period for streamlined installment procedures. TaxGuru General 0 07-28-2012 11:52 AM
IRS increases interest rates on overdue taxes after March 31, 2011! TaxGuru For 2010 0 03-09-2011 12:41 PM
Should I be concerned about the tax rate increases if my AGI is around $140,000? ebenda Income 0 11-01-2010 05:50 PM
Tax Preparer Penalties increases substantially in 2007 TaxGuru Miscellaneous 1 11-30-2007 02:29 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.