5min chapter

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#012 Mitchell Baldridge: Defeating Taxes, Financial Planning, and Flipping A Bored Ape NFT for $250k

Smart Friends

CHAPTER

Self Employment Taxes - The Biggest Financial Incentive

i was working at bdo, and i just started taking on moonlight work that really did not conflict with what i was doing there. I would do a person's taxes here or there, and they'd pay me money, and id just put it in my checking account. Bad work does not les scale in to good work. There are many reasons to set up your own alicy. You can become an escort, and then you can start paying yourself a salary. The difference between the income, the net your escort pays tax on or your escort, passes through to you, and the salary you pay yourself without being subject to self employment taxes.

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