A couple of changes

Post #63,276 by boxley 11/16/02 5:49:34 PM Reply	A couple of changes first you do get socked for an additional 7.5% but get to write off stuff a working person would only dream about. After having my own business for 5 years then working as an employee I had a shit when I saw how much taxes they were collecting. income based needs assessment not asset based, set an amount of 40k per year based on last years tax return. Assign all monies except a small stipend to medicare if they are in a nursing home. If you want to collect encourage immigration (illegal is better cause they wont collect the tax they pay) we need 100 million new faces to pay us off. Se habla pensionair? thanx, bill will work for cash and other incentives [link\|http://home.tampabay.rr.com/boxley/resume/Resume.html\|skill set] "Fifty-one percent of a nation can establish a totalitarian regime, suppress minorities and still remain democratic." Correction: All that can be achieved with 51 percent of the voters!" Ilanna Mercer
Post #63,610 by mmoffitt 11/18/02 1:04:54 PM Reply	Interesting. I was playing around with numbers for myself and it appears that in order to "take home" as much money as a 75K/year employee job would pay me, I need to have more than 90K/year in the door.
Post #63,628 by boxley 11/18/02 2:39:45 PM Reply	depends on the job and are you taking all allowable expenses? I used the flat rate per mile on the car, paid myself federal perdiem when out of town and used the allowances for my dedicated home office, telephone, insurance, supplies, equipment etc. all things I need as an employee but cannot write off. thanx, bill will work for cash and other incentives [link\|http://home.tampabay.rr.com/boxley/resume/Resume.html\|skill set] "Fifty-one percent of a nation can establish a totalitarian regime, suppress minorities and still remain democratic." Correction: All that can be achieved with 51 percent of the voters!" Ilanna Mercer
Post #63,826 by mmoffitt 11/19/02 2:18:27 PM Reply	Even with all that. Given the same "gross" I do not take home nearly as much as I would as an employee. Then count other bene's like health insurance, paid vacations, and quickly you conclude that there are significant dis-incentives to hang your own shingle. YMMV ;-) Mikem

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