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crash

Member Since 08 Mar 2006
Offline Last Active Today, 03:50 AM
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Posts I've Made

In Topic: Starting a consulting business

29 April 2016 - 03:37 PM

Other part of taxes to remember is you are now paying payroll taxes (either as the company) or if set up as a sole proprietorship, as part of your personal taxes.  Payroll taxes are about 15%.  Add that to your "normal" tax rate (based on expected income) to get your effective tax rate.  It will likely approach 45-50%.  Make sure you've factored that as part of your hourly rate.  Also will need to make quarterly estimated tax payments.  Uncle Sam doesn't want to wait till the end of the year to get all his money from you.  You'll pay a penalty if you make enough, and don't pay quarterly estimated payments...


In Topic: anarchy, the good samaritans

27 April 2016 - 05:45 PM

Agreed, Well Done!


In Topic: C&C 34 for PHRF and short handed racing

26 April 2016 - 08:04 PM

Don't disagree...but anarchist's can be your eyes in many cases.  Not fool proof, but a good start...and one armed with a cell phone can show all the stuff the broker/owner may have left out of the ad...


In Topic: Keel sump repair

26 April 2016 - 07:02 PM

Of course, you can get killed walking across the street by a drunk driver or distracted bus driver too..


In Topic: Sikkens-Cetol Marine Teak Finish

26 April 2016 - 06:53 PM

Last war they won was? B)

 

That said, their fleet was instrumental in the Colonist's winning at Yorktown :)