Quote:
Originally posted by stevepaa
Could you delineate those taxes?
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35% Fed
11% State (CA)
6.2% FICA
1.45% MED
7.75% CA State Sales Tax
$6K+/Year property taxes
And now AMT, but I'm not smart enough to express that as a percent.
The sad thing is, there's probably much more that I haven't even thought of. It really saps your desire to grow your business and hire more employees.