Quote:
With a Tshirt, mug, and CD.... after costs to produce them.... you end up with a net profit. That is taxable income and is subject to the income tax laws of the state and the nation... so.... 8% or so to the state out of the net.... 15% to 30% to the feds depending on your income tax bracket, and SS/MC at 15.2% if you are self employed which a musician would be considered to be self employed.... leaves you with a few dollars at best per unit..... and don't forget the postage if it's mailed..... and state sales taxes.....

It's down right depressing.


I'm not sure if you understand business. You are talking as though this person is an employee and has no tax advantages associate with owning a business. There are tons of tax incentives associated with owning a business. If you were to pay the way you outlined; you should not be in business; should learn more about it or hire someone with that skill set.

"The reason more people don't swing for the fences is because they aren't on the field or even in the dugout. They are in the stands; or at home watching it on TV."

Last edited by HearToLearn; 03/18/19 04:34 AM.
Chad (Hope that makes it easier)

TEMPO TANTRUM: What a lead singer has when they can't stay in time.