15 percent self employment tax.
with INC, you should be able to avoid that......IF.....IF.....you pay yourself a reasonable salary based on the job you do.
The rest of the profit will trickle down and you will report it on your personal taxes, assuming you do the s-corp. C-corp you don't want.
the profits from the business you will just pay your normal tax rate as long as you pay yourself that reasonable salary I just mentioned.
By the time you can make ends meet....They move the ends.