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Thread ID: 124681 2012-05-12 11:08:00 Assistance starting PC build/supply/repair business Tukapa (62) PC World Chat
Post ID Timestamp Content User
1275004 2012-05-15 20:08:00 Oh, you're one of these "rich" people who are in the "upper" tax bracket huh lol, in that case it will make no difference to you. Nice :D

I'm SO rich that I only have 22 years left on my mortgage! :eek:
Tukapa (62)
1275005 2012-05-15 22:15:00 Yes, the business income tax rate for 2012 is 28% (it was 30% previously), which is better than the 33% individual tax rate for the >$70k bracket, but you need to be a registered company to qualify for this. And unlike individual tax, business tax is a flat rate, not stepped. inphinity (7274)
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