The average business owner makes around 60k a year.

[Jekyll]

Making 60k self employed is equivalent to making 120k w2 income after all ur breaks and shyt...

Wife literally shows ZERO income after just basic LEGAL above board deductions and writing off expenses.

Unless your wife gets like a $20k return, your math is a bit off. Businesses pay their own taxes. Income tax. Employment taxes if you have employees. Etc.

 

[Phitz]

I'd take 60k working for myself over 120k working for someone else

yeap, can' t lay yourself off

 

[Robbie3000]

I'd take 60k working for myself over 120k working for someone else

You big dummy.

 

[Hov]

Making 60k self employed is equivalent to making 120k w2 income after all ur breaks and shyt...

Wife literally shows ZERO income after just basic LEGAL above board deductions and writing off expenses.

Bro you wrong as hell

 

[Roid Jones]

 

[Tribal Outkast]

Best is to work a 9 - 5 then have a side hustle. IMO

Exactly

 

[Wildhundreds]

Only natural born hustlers do good being self employed. A lazy worker before the LLC will be lazy afterwards as well.

 

[JLova]

I'd take 60k working for myself over 120k working for someone else

I'd say that as well..depends on the work though..but being your own boss is better.

I'd take $60KUS working for myself than working for someone else even though that would be a big paycut. I also think about the opportunities to write shyt off.

 

[humminbird]

classic

 

[Phitz]

You big dummy.

After taxes? If you own your own, you can write off so many purchases. There's more freedom and tax benefits to take advantage of than working for a check.

 

[sayyestothis]

@Nigerianwonder breh I'm talking for real life experience with my wifes business. She DOES NOT work anywhere near a 9 to 5, has insurance thru me and if u own ur own thing u have unlimited sick days and vacation days? Lol

Glad ur comfy in ur work tho breh.

 

[sayyestothis]

@Jekyll we have written off 60k worth of expenses/operating costs so she essentially doesn't owe any taxes as there is no income after expenses. Also llcs are pass thru so there is no separate corporate tax or anything breh.

This is pretty simple stuff.

 

[Blessings]

Making 60k self employed is equivalent to making 120k w2 income after all ur breaks and shyt...

Wife literally shows ZERO income after just basic LEGAL above board deductions and writing off expenses.

Lmaooooooo nikkas just be typing anything

 

[Kyle C. Barker]

Making 60k self employed is equivalent to making 100k w2 income after all ur breaks and shyt...

Wife literally shows ZERO income after just basic LEGAL above board deductions and writing off expenses.

I made a minor adjustment. 60k with a biz is equivalent to 100k going by taxes for a single male in Maryland.



I definitely see both sides to the argument.

I will say that it's much easier to push a benz when you can write it off.

 

[Kyle C. Barker]

Give me the $120k. I'd save $3,000/month. After 2 years I'd buy a 5 unit apartment and rent each unit for $1200.

So now I got $6k/month in disposable income.

Bro, I know what a $120k paycheck looks like and I was pulling that in the late 2000s. You're not going to stack multiple rental units in 2 years with that income.

You're better off investing in stocks with whatever you can to raise capital.