Quote:
Originally Posted by NaughtyVisions
Two plumbers do over $250,000 a year in sales? I'm a jack-of-all-trades, so I've never hired a plumber, but does that seem like a fuck of a lot of money for a two man operation?
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Sales do not matter, it would be how much take home pay he gets if he is worried about such taxes. Especially since if your not earning over 200k a year or so right now, your savings is not going to be taxed extra, nor any business loan would be taxed.
My damn plumber cost me some 35k+ this year on one damn project. Though I do know his profit margin was only about 12% on that job. It tied him and another up for about a week as well. The 35k had nothing at all to do with much though. I am also sure as a plumbing team they could do well over a quarter million in sales a year. Yet if they stay at 12% on the larger jobs, their yearly income is damn low.