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Hey Boone and others, any tax advantages you care to share?
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dogg4585
Posted 12/25/2024 17:18 (#11025850 - in reply to #11025842)
Subject: RE: Hey Boone and others, any tax advantages you care to share?


sc ks
Downside to sep (iirc) is u can only contribute 25% of your salary. So you'll pay SE on 3x as much income as the Simple and Traditional, assuming your entity structure allows you to get income out in other ways. That's why I don't do it.

Edited by dogg4585 12/25/2024 17:20
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