2007-01-21 17:02:35 · 3 answers · asked by gypsy_m0th 1 in Business & Finance ➔ Taxes ➔ United States
Eighteen percent.
2007-01-21 17:14:50 · answer #1 · answered by Eva 5 · 1⤊ 2⤋
What you do for a living has no relevance when it comes to taxes. What is relevant is how much you make. You need to speak to a tax accountant about this. You have quite a few options on how to structure your self employment from a tax perspective, and to find the best option for you - you definitely need the help of a pro.
If you actually listen to the cheap advice on Yahoo instead of having a one-on-one with a tax accountant then you will wind up the biggest fool in the penitentiary.....
2007-01-21 17:18:13 · answer #2 · answered by Anonymous · 1⤊ 2⤋
It depends on how much you expect to make for the year. Self-employment taxes will take a little over 15%. Federal and state income taxes vary a lot depending on how much you make, and in the case of state, where you live.
2007-01-21 17:51:09 · answer #3 · answered by Judy 7 · 1⤊ 0⤋