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Being pro businesses, it's only available for big corporations because as a self-employed, it's close to 30%.

candiddevmike 8mo ago
I'm SE and there are quite a few tax breaks available, especially if you structure as a S-Corp. The hard part is figuring out what all tax breaks are available as they're constantly changing, like last year you can deduct dental insurance premiums. I still pay an eye watering amount, and being SE shows you the brutality of the system (estimated taxes are insane, especially the payment schedule for them when you're NET 30/60).
- mindslight 8mo ago
  > estimated taxes are insane, especially the payment schedule for them when you're NET 30/60 Total layman understanding here, but can you not do cash basis plus schedule AI?
  - deleted 8mo ago
    [deleted]
  - candiddevmike 8mo ago
    Kinda, for Q2 and Q3 you're expected to pay the full amount for the quarter about a month or so before it ends. So it's less the accounting method kinda and more I haven't been paid for a month that I already owe taxes for.
    - mindslight 8mo ago
      The periods aren't quite quarterly though. "Q2" ends on 5/31 and tax due 6/15, "Q3" ends on 8/31 and tax due 9/15. IIUC. (I'm certainly not trying to argue that doing taxes 5 times a year isn't fucking onerous, though!)
butterbomb 8mo ago
> it's only available for big corporations because as a self-employed, it's close to 30%. Well maybe instead of complaining you should simply just generate more economic value. If Meta disappeared tomorrow it would hit the US economy, if you disappeared tomorrow it wouldn’t even be noticeable in the stock market.
- vjvjvjvjghv 8mo ago
  Sorry that’s a horrible take. Basically you are embracing “too big to fail”.
  - butterbomb 8mo ago
    It’s more like “might makes right” I think, and it’s not really me embracing it, as much as realizing this is the ideology of our ruling elites and they aren’t afraid to be frank about it anymore.

I'm SE and there are quite a few tax breaks available, especially if you structure as a S-Corp. The hard part is figuring out what all tax breaks are available as they're constantly changing, like last year you can deduct dental insurance premiums. I still pay an eye watering amount, and being SE shows you the brutality of the system (estimated taxes are insane, especially the payment schedule for them when you're NET 30/60).

mindslight 8mo ago
> estimated taxes are insane, especially the payment schedule for them when you're NET 30/60 Total layman understanding here, but can you not do cash basis plus schedule AI?
- deleted 8mo ago
  [deleted]
- candiddevmike 8mo ago
  Kinda, for Q2 and Q3 you're expected to pay the full amount for the quarter about a month or so before it ends. So it's less the accounting method kinda and more I haven't been paid for a month that I already owe taxes for.
  - mindslight 8mo ago
    The periods aren't quite quarterly though. "Q2" ends on 5/31 and tax due 6/15, "Q3" ends on 8/31 and tax due 9/15. IIUC. (I'm certainly not trying to argue that doing taxes 5 times a year isn't fucking onerous, though!)

butterbomb 8mo ago

> it's only available for big corporations because as a self-employed, it's close to 30%. Well maybe instead of complaining you should simply just generate more economic value. If Meta disappeared tomorrow it would hit the US economy, if you disappeared tomorrow it wouldn’t even be noticeable in the stock market.

vjvjvjvjghv 8mo ago
Sorry that’s a horrible take. Basically you are embracing “too big to fail”.
- butterbomb 8mo ago
  It’s more like “might makes right” I think, and it’s not really me embracing it, as much as realizing this is the ideology of our ruling elites and they aren’t afraid to be frank about it anymore.