Californian

PurpleCharger
PurpleCharger

Californian
Thinking about going into business for myself
Hadn't thought to factor in taxes
See this
Is it really this bad?

All urls found in this thread:

youtube.com/watch?v=xpkxLKV_3d0

GoogleCat
GoogleCat

it's not bad at all if you use old school accounting

New_Cliche
New_Cliche

Yeah, it isn't nearly progressive enough. They made an attempt though I guess.

Spazyfool
Spazyfool

Oh vey silly goyim don't forget about the 13.3% state income tax and 15% FICA!

Garbage Can Lid
Garbage Can Lid

Jesus seriously?
Where's my complimentary hammer and sickle T-Shirt?

Crazy_Nice
Crazy_Nice

Bro self employment taxes in cali fuck me in the ass hard. 90-110k gross income turns into about 55-60k net if I'm lucky.

Lord_Tryzalot
Lord_Tryzalot

tfw run own trading company
tfw approved for mark-to-market
tfw I may be behind the next Enron

frog.jpeg

Evil_kitten
Evil_kitten

Do you get taxed on the gross or net?
I thought I had a hard enough time thinking about paying for the cost of materials and renting a business space; then there's taxes, which apparently get the biggest share.

SomethingNew
SomethingNew

that little tax

wew

Anything over $58k/year in Sweden is taxed at 57%.

Evilember
Evilember

Can you open a business in another state, but live in Cali, and not pay Cali income tax? I mean that"s mot really practical because it's better to be able to be at the business to manage it but is it legally possible?

TurtleCat
TurtleCat

For real

CouchChiller
CouchChiller

Taxed on the gross. Totals around 40% after state and SS taxes.

ZeroReborn
ZeroReborn

pretty much 98% of businesses are owned in Delaware for this exact reason.
the rest are in nevada for privacy reasons.

then yuo register as a foreign corporation doing business in cali, and pay the fee.

CodeBuns
CodeBuns

Can we NOT have another uninformed discussion about the "oppressiveness" of the U.S. tax system?

Protip: the Donald claims that the U.S. has the highest taxes in the world

Protip: we don't

Protip: if you thought we did and/or believed the Donald, kill yourself

StrangeWizard
StrangeWizard

So your actual headquarters is in Cali but you somehow get registered in Delaware? I'm interested.

Supergrass
Supergrass

um yeah standard Veeky Forums practice bro.

check out the taxation section videos on
reiclub.com
don't buy the into the shills but look up the taxcode and court interpretations
and at least get the basics done.

I'm sure the set up a business for dummies book is online free.

Booteefool
Booteefool

Thanks dude, I'll look into this someday

Harmless_Venom
Harmless_Venom

I swear I feel like SS is increasing each year

MPmaster
MPmaster

Thanks user, this is good stuff.

King_Martha
King_Martha

You might be getting cucked.

youtube.com/watch?v=xpkxLKV_3d0

5mileys
5mileys

someone has to feed the arabs and africans!

massdebater
massdebater

Belgium here.

This.

GoogleCat
GoogleCat

highest corporate taxes.

cum2soon
cum2soon

That's outrageous.

Random women better be walking up to you on the street and offering you a blowjob, to accept such egregious taxation to live there.

askme
askme

True but your public services are 100x better than ours. People who work in government there actually give a fuck, and the government healthcare is good.

The people who work in our government offices are like chimpanzees that have been given THC laced bananas.

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