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Sorry if this has been covered elsewhere but remember, I'm a dummy…<\/p>\n
Can someone explain (in small words) how the taxes for owner operator's with an LLC work? <\/p>\n
I've read that the self employment tax is 15.3% but I assume that's just for the federal side of things? Will more than that be owed to the state? I've read a good rule of thumb is to save 30% for taxes… what is the other 14.7% for?<\/p>\n
Secondly, are your taxes paid off of your gross income before or after expenses are paid? I…<\/p>\n
Taxes… Dumb It Down For A Dummy!<\/a> Sorry if this has been covered elsewhere but remember, I'm a dummy… Can someone explain (in small words) how the taxes for owner operator's with an LLC work? I've read that the self employment tax is 15.3% but I assume that's just for the federal side of things? Will more than that be owed to…<\/p>\n","protected":false},"author":1,"featured_media":17632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weather"],"_links":{"self":[{"href":"https:\/\/pro-truckdrivers.com\/blog\/wp-json\/wp\/v2\/posts\/17631"}],"collection":[{"href":"https:\/\/pro-truckdrivers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pro-truckdrivers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pro-truckdrivers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pro-truckdrivers.com\/blog\/wp-json\/wp\/v2\/comments?post=17631"}],"version-history":[{"count":0,"href":"https:\/\/pro-truckdrivers.com\/blog\/wp-json\/wp\/v2\/posts\/17631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pro-truckdrivers.com\/blog\/wp-json\/wp\/v2\/media\/17632"}],"wp:attachment":[{"href":"https:\/\/pro-truckdrivers.com\/blog\/wp-json\/wp\/v2\/media?parent=17631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pro-truckdrivers.com\/blog\/wp-json\/wp\/v2\/categories?post=17631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pro-truckdrivers.com\/blog\/wp-json\/wp\/v2\/tags?post=17631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"