If you are using W2, you pay taxes first. In using 1099, you subtract all your expenses and depreciating assets and other deductibles from your income and you pay less taxes. Do not be like Donald Trump, paying zero taxes. We need to support our schools and other infrastructures to build more educated workers thatContinue reading “Taxes”
Tag Archives: W2
2010 Tax Statistics in the USA
More women between the ages of 55 under 60 yrs of age worked in 2010 compared to the number of men in the same age group. In both men and women, the top earning age group is between the ages of 46 under 55 yrs of age. Disparity in income between men and women isContinue reading “2010 Tax Statistics in the USA”
W2 and 1099 income for Stanford and Kaiser doctors to save more and min taxes
Ask your payroll if you can split your income to W2 (base) and 1099 (extra) to allow your 1099 income into a C corp for max savings and min income taxes. Working for a hospital allowing you to do a 1099 can save you more in income taxes and increase your savings. With VA doctors, payroll willContinue reading “W2 and 1099 income for Stanford and Kaiser doctors to save more and min taxes”