The real way to tell if this is for you is to ask yourself one question, am I willing to lose everything I have to be my own successful boss? If the answer is NO, then don’t do it. Enjoy your fixed salary, have 2 or 3 kids, and collect your state pension.
- Tuesday, 22 January 2013 19:12
In addition to the explicit increases in taxes, some old provisions are back that will have the same tax-increasing impact. In particular, two separate rules that phase out certain deductions for high-income taxpayers came back this year after having been absent from tax law since 2009.