Chief, it's only about $52,000 a year. If CRE, CRST and Stevens are paying around $25,000 a year, I can pay myself only that much.
On $52,000 net income, by paying myself only $25,000, my profit is down to $27,000, which I would have had to pay $4,200 self employment tax. Not super revenue.
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Should I form a biz entity before starting walk away lease?
Discussion in 'Lease Purchase Trucking Forum' started by tscottme, Feb 1, 2021.
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