Quote:
|
Originally Posted by smooth
you might want to clarify your tax liability. at least two people have now based part of their analysis on you having a "taxable income" of "16,000."
From my reading of your post, that was your net after taxes on $36,000.
|
"Here's what she said: Which of our two main candidates is a better friend to small business? I am a Massage Therapist, paid as an independent contractor. I gross about $28,000, take about $12,000 in write-offs, leaving me with about $16,000 to live on each year. Of this, the IRS wants to take about $3500 on average, leaving me to live on $1050 a month"
It's a gross of $28k, expenses to generate that gross figure of $12k, and a net (or taxable) income of $16K.
I can't see where you got $36,000 from that anywhere.