>Californian >Thinking about going into business for myself

it's not bad at all if you use old school accounting

Yeah, it isn't nearly progressive enough. They made an attempt though I guess.

>>1414722
Oh vey silly goyim don't forget about the 13.3% state income tax and 15% FICA!

>>1414734
Jesus seriously?
Where's my complimentary hammer and sickle T-Shirt?

Bro self employment taxes in cali fuck me in the ass hard. 90-110k gross income turns into about 55-60k net if I'm lucky.

>>1414722
>tfw run own trading company
>tfw approved for mark-to-market
>tfw I may be behind the next Enron

>frog.jpeg

>>1414744
Do you get taxed on the gross or net?
I thought I had a hard enough time thinking about paying for the cost of materials and renting a business space; then there's taxes, which apparently get the biggest share.

>that little tax

wew

Anything over $58k/year in Sweden is taxed at 57%.

Can you open a business in another state, but live in Cali, and not pay Cali income tax? I mean that"s mot really practical because it's better to be able to be at the business to manage it but is it legally possible?

File: image.jpg (69KB, 693x663px) Image search: [Google]

69KB, 693x663px

>>1414760
For real

>>1414755

Taxed on the gross. Totals around 40% after state and SS taxes.

>>1414791
pretty much 98% of businesses are owned in Delaware for this exact reason.
the rest are in nevada for privacy reasons.

then yuo register as a foreign corporation doing business in cali, and pay the fee.

File: tax20rates20world20rankin.jpg (149KB, 1391x738px) Image search: [Google]

149KB, 1391x738px

Can we NOT have another uninformed discussion about the "oppressiveness" of the U.S. tax system?

Protip: the Donald claims that the U.S. has the highest taxes in the world

Protip: we don't

Protip: if you thought we did and/or believed the Donald, kill yourself

>>1414807
So your actual headquarters is in Cali but you somehow get registered in Delaware? I'm interested.

>>1414818
um yeah standard /biz/ practice bro.

check out the taxation section videos on
reiclub.com
don't buy the into the shills but look up the taxcode and court interpretations
and at least get the basics done.

I'm sure the set up a business for dummies book is online free.

>>1414827
Thanks dude, I'll look into this someday

>>1414804
I swear I feel like SS is increasing each year

>>1414827
Thanks anon, this is good stuff.

File: Swedish Gaym Show.webm (3MB, 1280x720px) Image search: [Google]

3MB, 1280x720px

>>1414760
You might be getting cucked.

https://www.youtube.com/watch?v=xpkxLKV_3d0

>>1414760
someone has to feed the arabs and africans!

>>1414815
Belgium here.

This.

>>1414815
highest corporate taxes.

>>1414744

That's outrageous.

Random women better be walking up to you on the street and offering you a blowjob, to accept such egregious taxation to live there.

>>1414760

True but your public services are 100x better than ours. People who work in government there actually give a fuck, and the government healthcare is good.

The people who work in our government offices are like chimpanzees that have been given THC laced bananas.