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Respond to this thread if you earn less than $60,000 a year and are surviving... I am doing a little experiment here to prove a point.
Ms Sans Serif
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[quote:BRYinTX:MV8zNjQ2MTIyXzY1MTM0ODAyX0I4Q0IwMTVG] [quote:Anonymous Coward 75467562:MV8zNjQ2MTIyXzY1MTM0NzEwXzQ0ODIxNjBG] Self employed. My business takes in about $90k, I pay myself $48k a year. Side question: If I ever close down the business at any point in the future, I assume they tax on what is being transferred from my business to personal acc? [/quote] get a good accountant and you might be able to use asset depreciation and capitol loss spread out over a few years to offset the net value of your business enough to pay little to no tax on what's left. sorry for the run-on. [/quote]
If you earn less than $60,000 a year, respond to this thread, I just want to prove that most people are living on less than this amount per year to survive...
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