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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?


To: JHC44 who wrote (10666)12/14/1997 6:10:00 PM
From: Dwight E. Karlsen  Respond to of 22053
 
JHC44, of course, I wasn't trying to go through the whole process, which also includes multiplying your profit by .9235 before figuring the self-employment tax. This brings the "profit" to a comparable calculation point to where employees wages are calculated.

And of course, for the same reason you get to deduct the 1/2 of your self-employment tax before calculating income tax.