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Tax Implications

Discussion in 'Business & Tax Advice' started by robb01, Jul 28, 2008.

  1. robb01

    robb01 Regular Member

    Feb 13, 2008
    Likes Received:
    Can someone explain to me the tax implications of the following scenario:

    A single, male with no dependants makes 40,000 online. He will be recieving 1099s from affiliate companies. What % of the 40,000 would he have to pay as an individual? A sole proprietor?

    If I were to form a corp., what % would I then have to pay? Thanks