The New Music Business with Ari Herstand cover image

Handling Your Music Finances From a Business Manager and Accountant

The New Music Business with Ari Herstand

CHAPTER

Are You Making 600 Million Dollars?

The tax rate for an individual is based on their income, but companies have to file a different kind of tax return. If you are the sole owner and you're your escort, then you are taking on the full tax liability of that business's entire profit. But it's not subject to self employment tax, because the business is its own thing.

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