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Old 12-07-2012, 11:21 AM
JCLawn and more's Avatar
JCLawn and more JCLawn and more is offline
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Join Date: Sep 2009
Location: MI
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Quote:
Originally Posted by White Gardens View Post
And don't forget, if you have a corporation set up, you can lease your personal equipment back to the corporation, such as vehicles.


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i know someone who does that. All his truck say leased to ..... when he owns them. Good advice here, I wish more people understood taxes. There is no tax bracket, its like this. These are not actual number but an example, for the first 50k your taxed at 10percent, 50-100k is 20 percent 100-250k 30 percent. If you make 101k your not paying more in taxes than if you made 100k becuase your only paying more taxes on that extra 1k you made, not the whole 101k.

Last edited by JCLawn and more; 12-07-2012 at 11:26 AM.
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