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$100k business =/= 100k+ in wealth

twistedsista

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Eh..

$100k in salary looks great pre-taxed, but post taxes is a different story.

$100k in revenue for a business means you'll pay less in taxes, give yourself a lesser salary to lower your tax bracket. Your business pays some of your bills that is deducted pre-taxed and take distributions that isn't taxes the same as wages.

I get what she's saying, but her post is pretty basic. There's a whole world of opportunity for business owners that W2 employees can't touch. There are even retirement accounts for business owners. Also, $100k in assets can have you paying a sh!t ton of capital gains taxes if you aren't careful of how to take those profits.



Side note: self-directed IRAs are > 401ks. Just saying. I've grown my self directed faster than when it was stuck in a 401k with the option to buy RE. A 401k could Neva.
 

S O S Y E

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Can we let people just live how the fµck they want? Everybody doesn’t want to be an employee and everybody doesn’t want to be an entrepreneur.
 

vandering

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$100k in revenue for a business means you'll pay less in taxes, give yourself a lesser salary to lower your tax bracket. Your business pays some of your bills that is deducted pre-taxed and take distributions that isn't taxes the same as wages.
Give me a million dollars and I can make $100k in revenue. :LOL:

People use revenue numbers to impress the financially illiterate.
 

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