freelancer taxes
freelancer taxes
Out of context: Reply #16
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- tkmeister0
$500/day is about $100,000/yr, that's if you work consistently.
put 15% into SEP, 4k into rothIRA, 6-8k for health insurance, home office, biz expenses, blah blah, your taxable income is probably around 60k. let's say 25% of it is going to taxes. your cash take is 45k.
now, that's an ideal scenario.