[OFFICIAL] "The Pen:" Live NLHE Chat Thread
10-29-2020
, 02:46 AM
10-29-2020
, 04:32 AM
10-29-2020
, 04:39 AM
thanks rob 
————
@NewAcct you have a few things wrong imo just FYI. but the % referred to above is a marginal tax rate. It doesn’t apply to your entire income.
just every $ you make over x amt.
Only half of the 15%~ SE tax is extra. the half that an employer would typically pay.
there are limitations etc. as to how much/what you can deduct and that’s assuming you’re filing as a pro in the first place.
I’m not an accountant and this isn’t tax advice though, just my opinion/understanding. I’d stick with your accountant for any advice and do some research instead of this forum
it’s not supposed to be complicated if you’re on the up and up imo
————
@NewAcct you have a few things wrong imo just FYI. but the % referred to above is a marginal tax rate. It doesn’t apply to your entire income.
just every $ you make over x amt.
Only half of the 15%~ SE tax is extra. the half that an employer would typically pay.
there are limitations etc. as to how much/what you can deduct and that’s assuming you’re filing as a pro in the first place.
I’m not an accountant and this isn’t tax advice though, just my opinion/understanding. I’d stick with your accountant for any advice and do some research instead of this forum
it’s not supposed to be complicated if you’re on the up and up imo
Last edited by RoadtoPro; 10-29-2020 at 05:02 AM.
Reason: last bit
10-29-2020
, 04:57 AM
10-29-2020
, 04:59 AM
Quote:
thanks rob
————
@NewAcct you have a few things wrong imo just FYI. but the % referred to above is a marginal tax rate. It doesn’t apply to your entire income.
just every $ you make over x amt.
Only half of the 15%~ SE tax is extra. the half that an employer would typically pay.
there are limitations etc. as to how much/what you can deduct and that’s assuming you’re filing as a pro in the first place.
this isn’t tax advice though, just my opinion. I’d stick with the accountant for any advice and do some research
it’s not that complicated if you’re on the up and up imo
————
@NewAcct you have a few things wrong imo just FYI. but the % referred to above is a marginal tax rate. It doesn’t apply to your entire income.
just every $ you make over x amt.
Only half of the 15%~ SE tax is extra. the half that an employer would typically pay.
there are limitations etc. as to how much/what you can deduct and that’s assuming you’re filing as a pro in the first place.
this isn’t tax advice though, just my opinion. I’d stick with the accountant for any advice and do some research
it’s not that complicated if you’re on the up and up imo
10-29-2020
, 05:26 AM
thats a great one abed. I enjoy watching videos. Keep up the good work
cush hope youre doing well. Maybe we will see each other at the wynn and I can over bet the pot and piss you off again
cush hope youre doing well. Maybe we will see each other at the wynn and I can over bet the pot and piss you off again
10-29-2020
, 05:52 AM
10-29-2020
, 07:05 AM
10-29-2020
, 07:09 AM
10-29-2020
, 07:44 AM
10-29-2020
, 11:53 AM