Welcome Guest. Register Now!  



Find a tax professional cpa near you

Blogs From The Members of Ask TaxGuru
Random featured blog entry from TaxGuru
TaxGuru's Avatar

An Appeal to Congress for a reduction in S/E Tax on small unincorporated businesses!

Posted 08-14-2008 at 10:48 AM by TaxGuru
To stimulate small businesses, I think Congress should provide a relief from the Self-Employment taxes especially for small businesses who have to pay 15.3% self-employment taxes.

This tax should be graduated at say 7.5% for the first $50,000 in net profits and then incremently increase to 15.3% for say when net profit increases to over $100,000.

The 15.3% tax rate is considerable burden on small businesses.
Recent Entries
Recent Comments
    There are no recent entries to display.
    There are no recent comments to display.
Find more...
Follow us on Twitter
» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 
Forum for CPAs
 
Financial Planning