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• 1. C

     Self Income Tax Rate is 15%, So why set aside twice that?

     Okay, so the 15.3% I keep seeing, is only referring to FICA Taxes (SS & Medicare)? Then there's a separate general federal tax rate that is based on the amount of income? +California's wonderful state taxes. So 3 different taxes in total essentially?

     • CalBayArea2
     • Post #3
     • Jul 12, 2018
     • Forum: Tax Law
  2. C

     Self Income Tax Rate is 15%, So why set aside twice that?

     If the self income tax rate is around 15%, why would I need to set aside 35% of the income? Is it because it varies based on the amount? I read this online: "You will need to save a significant amount of your income given that self-employment taxes total 15.3%. You should expect to put aside...

     • CalBayArea2
     • Thread
     • Jul 12, 2018
     • Replies: 9
     • Forum: Tax Law
  3. C

     Off-Market Property Goes on Market, is a Contract Still Enforceable?

     My question involves real estate located in the State of: California. I do "Bird-Dogging", or scouting per se. I find off-market property deals for developers that they would not be able to find otherwise and have no knowledge of. I provide pictures, inside information, connect them directly...

     • CalBayArea2
     • Thread
     • Jan 9, 2018
     • Replies: 49
     • Forum: Other Real Estate Law Questions
  4. C

     What Happens if the Defendant is not the one that signs for the Certified Mail?

     I am going to send a demand letter via Certified Mail Receipt - to the individual's house, as required before serving a small claims. But what if his wife answers and signs for the mail? Does it matter? How does that work if he claims he never saw it/got it? Thanks

     • CalBayArea2
     • Thread
     • Jun 6, 2017
     • Replies: 13
     • Forum: Civil Litigation
  5. C

     Is it best to Threaten a Lawsuit First, or Just Serve them with a Lawsuit First?

     California. Small Claims Does warning a person first, often indicate a lack of seriousness in the legal world? Do you think I have a higher chance at convincing a person to settle out of court by threatening them first, or just serving them first?

     • CalBayArea2
     • Thread
     • Jun 2, 2017
     • Replies: 15
     • Forum: Small Claims Courts