RandallDC t1_j6llljz wrote on January 31, 2023 at 4:39 AM

Reply to comment by Commercial-Pair-3593 in LLC and W2 earnings an income tax question. by Commercial-Pair-3593

Fair. But conversely, you could take earnings from your W2 (which your competition doesn't have) and spend that money on your business to give you an advantage, couldn't you?

Commercial-Pair-3593 OP t1_j6lps6c wrote on January 31, 2023 at 5:19 AM

So make myself get paid less in my career to essentially pay for part of every person's product so I can reduce prices and be able to compete on price with other businesses? Doesn't really make sense. It took 10 years to go to college and get started in my career.

My career and my business are separate but I am taxed as if they are not which hurts my business. That's my point.