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Welcome to the GoFuckYourself.com - Adult Webmaster Forum forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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Thread Tools |
06-01-2004, 05:30 AM
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#1 |
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Confirmed User
Join Date: Mar 2002
Posts: 602
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Individuals earning 1mil+/year net pay 50% tax?
In many areas, when you approach 200k/year+ you are looking at paying roughly 50% tax on your net earnings.
For someone earning 1mil/year net - they would be looking at paying close to 500k in tax for one year. I have heard it said that people pushing higher numbers(for the sake of the example, 1m/year net +) pay considerably less % wise, in comparison to those earning for example 200k/year. Is that possible? What enables higher earners to gain such an advantage - can the best tax accountants make this happen? |
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06-01-2004, 05:31 AM
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#2 |
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So Fucking Banned
Join Date: Apr 2003
Location: malta
Posts: 12,745
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Only if you are stupid.. better to form a corporation after about 70-80k of income and get paid through that.
Someone was saying if you are paying over 18% total in taxes you are probably paying too much. |
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