6% or 15% tax scheme?

[backseatjuan]

Which tax scheme would you choose?

6% overall or 15% from profit only?


Let's say you buy a keyboard for $100, and you install it for $20. $100 + $20 = $120. So on 6% you pay 6% from $120, and on 15% you pay %15 from $20.

There is more, for 15% you can write off your expenses, such as office rent, fire, garbage, etc.


Initially I intended to pay 6%, but some mother f'rs in our IRS changed it to 15%, so I'm stuck with 15% for the end of the year.

 

[Bible_Belt]

for 15% you can write off your expenses, such as office rent, fire, garbage, etc.

But the keyboard is not an expense?

The easy way to cheat would be to manipulate the price of the keyboard on the receipt. Sellers of anything are often happy to write you whatever you want for a receipt in order to get your money.

 

[dasein]

Just hire a CPA, don't go by anything anyone might say here. I work with the IRC regularly and can't figure out what you are talking about.

 

[Bible_Belt]

He's in Russia.