@Will Barnard That is precisely the point... the risk for $ 10,000 (apparently
pre tax profit) is significant.
This really depends, initially the talk was about a flipper spending 9 months just to walk away with $ 10,000 to $ 15,000
pre tax profit (30 %); wholesalers (if legal in your state), make that without breaking a sweat and almost risk free — why spend 9 months, get into 14 % debt with a 6 to 12 month term just to make same amount?
MacLean Law's experienced Vancouver Spousal Support
Pre Tax Profits lawyers warn the last thing you want to focus on in a case involving a self employed person is their personal tax return.
Vancouver Spousal Support
Pre Tax Profits summarize the key parts of this weeks Sigurdson v Sigurdson where a wife sought to have her husband's half share of additional
pre tax profits earned by a business he owned with his brother added to his income to increase the spousal support he had to pay her.
The Vancouver Spousal Support
Pre Tax Profits lawyers at MacLean Family Law have noticed that courts are becoming more attuned to ensuring support orders involving self employed business owners, entrepreneurs and professionals do not harm or destroy the financial health of the business.
Lorne N MacLean, QC heads our firm and he handles high net worth Calgary Family Law
Pre Tax Profits Support cases involving wealthy business owners, professionals and partners in companies or joint ventures.
Check out this Vancouver imputed income
pre tax profits article.
Not exact matches
So in your case, the
pre tax $ 10,000
profit would be subject to SE (self employment)
tax at 15.3 %.