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Me Living In the US
(lemmy.ml)
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this post was submitted on 18 Jul 2025
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No one in the US pays 30% income tax. Only the top 10% have to pay more than 30%...and they're rich enough to qualify for so many tax breaks at that point, that their effective rate is less than half that.
As a sole proprietor, yes we do.
Then you need to fire your accountant...or start taking their advice. Either way, you're doing it wrong.
Yeah I just checked and I'm looking at around 15-16% adding together federal tax+FICA/FMHI