I'm SE and there are quite a few tax breaks available, especially if you structure as a S-Corp. The hard part is figuring out what all tax breaks are available as they're constantly changing, like last year you can deduct dental insurance premiums.
I still pay an eye watering amount, and being SE shows you the brutality of the system (estimated taxes are insane, especially the payment schedule for them when you're NET 30/60).
> it's only available for big corporations because as a self-employed, it's close to 30%.
Well maybe instead of complaining you should simply just generate more economic value. If Meta disappeared tomorrow it would hit the US economy, if you disappeared tomorrow it wouldn’t even be noticeable in the stock market.
candiddevmike|3 days ago
I still pay an eye watering amount, and being SE shows you the brutality of the system (estimated taxes are insane, especially the payment schedule for them when you're NET 30/60).
mindslight|3 days ago
Total layman understanding here, but can you not do cash basis plus schedule AI?
butterbomb|3 days ago
Well maybe instead of complaining you should simply just generate more economic value. If Meta disappeared tomorrow it would hit the US economy, if you disappeared tomorrow it wouldn’t even be noticeable in the stock market.
vjvjvjvjghv|3 days ago