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[QUOTE]Originally posted by Klaus: [QB] All the expenses you are describing are fully deductable. You are understating your tax liability also. You as a small business owner are responible for the following taxes: Federal - assume 15% Social Security 7.65% Self employment tax 7.65% (employer match) State 5% Total [b]35%[/b] Once you hit the 25% bracket you are almost pushing 50% tax......Those deductions are worth a lot to you. Kerry's healthcare plan had a big problem....how were we going to pay for it??? [/QB][/QUOTE]
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