1. This website uses cookies to improve service and provide a tailored user experience. By using this site, you agree to this use. See our Cookie Policy.
    Dismiss Notice

Tax Implications

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

  1. Jul 28, 2008
    #1
    robb01

    robb01 Regular Member

    Joined:
    Feb 13, 2008
    Messages:
    224
    Likes Received:
    29
    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