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What is the tax percentage that I have to pay for my business 2024?

Grace Thompson | 2023-05-08 00:38:45 | page views：1170
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Charlotte Johnson

Studied at Princeton University, Lives in Princeton, NJ
Generally, self employment taxes are 15% of your income, and then you pay your regular tax rate on top of that. If you're in the 25% tax bracket, the taxes on your business are 40%. This puts people into a panic--most people don't pay 40% of their revenues, you have to back out your expenses first.
2023-05-11 00:38:45
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Oliver Lee

QuesHub.com delivers expert answers and knowledge to you.
Generally, self employment taxes are 15% of your income, and then you pay your regular tax rate on top of that. If you're in the 25% tax bracket, the taxes on your business are 40%. This puts people into a panic--most people don't pay 40% of their revenues, you have to back out your expenses first.
Small Business Taxes for Beginners: How Much to Set Aside ...
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