Comment by dyauspitr
6 months ago
So on the $200,000 it’s reasonable to you that they have to pay $120,000 ($80k income+$40k business) in taxes?
6 months ago
So on the $200,000 it’s reasonable to you that they have to pay $120,000 ($80k income+$40k business) in taxes?
Two people earning $100k each would pay $28k income taxes each, totaling $56k. Where did this $80k come from?
What about state and city taxes? 80k might be a tad too high but in NYC on $100k, you would only take home around $65k.