panda
Well-known member
there are three type of income. earned income which usually gets taxed up to 50%, portfolio income - 20%, passive income - taxed the least
what is your dominate earned income vehicle? for example, if you are w2 graphic designer but have a freelance side hustle earning 1099 income, you want to choose the option that generates the most income. Same applies to SCorps
1) w2 2) 1099 - self employeed 3) s-corporation
what is your dominate earned income vehicle? for example, if you are w2 graphic designer but have a freelance side hustle earning 1099 income, you want to choose the option that generates the most income. Same applies to SCorps
1) w2 2) 1099 - self employeed 3) s-corporation