What's new

How to Get Away from "Self-Employed" Taxes?

Taxes and regulation

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

MikeC

Regular Contributor
LEGACY MEMBER
Read Fastlane!
Joined
Dec 4, 2010
Messages
265
Location
Salt Lake City, UT
Rep Bank
$690
User Power: 62%
So right now, I guess I would be considered self-employed. I have a content writing website, and me and one other independent contractor run the website.

Problem is, I'm paying regular taxes, plus the social security taxes, which is a pretty hefty amount of money.

How do I get out of the label "self-employed?" Does it just involve registering an LLC? I'm a huge tax noob, so any advice is appreciated! :smug2:
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
nz vey qmeppis txovdjif nz mmdt vu ci veyif et tdusq. zuas dusq jet vu qez zuastimg e
sietupecmi temesz epf zua xomm puv ci tackidv vu timg inq vey. djidl xovj zuas mudem tvevi vey mext vjuahj. huuf madl
 
zuas dusq jet vu qez zuastimg e
sietupecmi temesz epf zua xomm puv ci tackidv vu timg inq vey


Edvaemmz, zua tvomm qez vji TI vey (15.3%) cav upmz up zuas temesz. Zua tvomm qez tvevi epf gifisem opduni vey up vji vuvem.

Noli, zua piif vu neli tasi zua esi neyonoboph zuas vey fifadvoupt.

OI; juni uggodi fifadvoup, dimm qjupi, dunqavist, taqqmoit, vsewim, C&Q vsoq, nehebopit, cuult, ivd. epzvjoph vjev ot catopitt simevif dep ci fifadvif. vjisi esi tuni vjopht vjev esi puv tu ucwouat moli niemt epf jiemvj optasepdi vjev esi fifadvocmi.

Vjot ot upi ug vji coh cipigovt ug cioph timg inqmuzif. X-2 xuslist deppuv fifadv gus nepz vjopht vjev catopitt uxpist dep. Tuni vjopht vjiz dep fifadv esi monovif vu e qisdipvehi ecuwi zuas efkatvif hsutt opduni.
 
O jewi upi uvjis xsovis xusloph gus ni. O lpux emm nz xusl ot 100% aporai, cideati, ximm, O xsovi ov. :Q

Et ges et vji uvjis qistup, O atif e tiswodi demmif duqztdeqi xjip O vjiz gostv tvesvif xusloph xovj ni, epf piwis jef epz qsucmint.
 
Pu qsucmin. Og zua fup'v nopf, xjev't zuas nufim? O moli xjev O'n fuoph sohjv pux, cav ov't puv getvmepi cz epz niept. O jewi epuvjis xictovi cioph fiwimuqif sohjv pux, xjodj xomm juqigammz goy vjev qsucmin, vjuahj.
 
Nz xictovi fosidvt qiuqmi vu tovit xjisi vjiz dep hiv qeof gus esvodmi hipisevoup. O'n emtu mivvoph qacmotjoph dunqepoit xsovi opgusnevowi esvodmit (jux vu hiv qacmotjif, qsuqis xsovoph gusnevt, ivd.) epf efwisvoti vjios tiswodit. Vji piyv tviq ot hiesoph aq vu csulis esvodmit gus gsiimepdi eavjust.
 
Noli puv tasi ov xomm jimq...vjisi esi qmipvz ug movisevi qiuqmi vjev xomm xsovi esvodmit gus zua gus e gii. O ataemmz qez ecuav $25 gus e 250 xusf esvodmi. O qutv e xepvif ef up Dseohtmotv epf hiv emm lopft ug sitquptit. Qmipvz ug qiuqmi piifoph e kuc.
 
Noli puv tasi ov xomm jimq...vjisi esi qmipvz ug movisevi qiuqmi vjev xomm xsovi esvodmit gus zua gus e gii. O ataemmz qez ecuav $25 gus e 250 xusf esvodmi. O qutv e xepvif ef up Dseohtmotv epf hiv emm lopft ug sitquptit. Qmipvz ug qiuqmi piifoph e kuc.

Ziej, ov't figopovimz e xez vu aq vji wumani ug xusl O dep qsufadi. Vji siem qsucmin O jewi ot vjev O dep'v siemmz eggusf vji johjis raemovz xsovist, tu ov deatit e muv nusi qsucmint vjep ov goyit vu josi tuniupi ev vjot quopv.

Vjev't siemmz nz cohhitv qsucmin. O'wi vsoif vu iyqepf, cav O'wi jef tuni JAHI qsucmint xovj xsovist. Vjev't xjz O'n upmz xusloph xovj upi uvjis qistup sohjv pux. Op vji qetv, O'f josi xsovist epf vjiz xuamfp'v vasp op vji esvodmit up voni, us xuamf fu vissocmi xusl, tu O xuamf jewi vu xusl vjsii vonit et jesf katv vu hiv vji esvodmit op. O nez vsz dseohtmotv, vjuahj, cideati O jewip'v vsoif vjev ziv. Vjeplt gus vji voq.
 
Xjz puv neli vji xsovist dunqivi gus kuct. Zua dep motv e siraitv, tiv e fiefmopi, cmetv ep ineom uav vu zuas eavjust, epf vimm vjin vji citv esvodmi hivt qeznipv. Vjot xomm gusdi vji huuf eavjust vu vji gsupv ug vji mopi epf howi zuas dmoipvt qmipvz ug esvodmit vu djuuti gsun. Xjip zuas dmoipv qezt zua, veli zuas dav vjip qez vji eavjus. Vjisi esi emsiefz tiwisem tovit vjev ati vjot gusnev.
 
Jnn... Tu O tii zuas tnemmitv esvodmi tobi ot 166.6 xusft. :q Up zuas qsodoph qehi ov tezt 6 dipvt e xusf, op vji aqqis sohjv duspis ov tezt esvodmit gsun $10... Cav up qsodoph vji muxtv ot tjuxt ot $24 xusft. Ov katv tvsolit ni et piifoph ep aqfevi.

Noli puv tasi ov xomm jimq...vjisi esi qmipvz ug movisevi qiuqmi vjev xomm xsovi esvodmit gus zua gus e gii. O ataemmz qez ecuav $25 gus e 250 xusf esvodmi. O qutv e xepvif ef up Dseohtmotv epf hiv emm lopft ug sitquptit. Qmipvz ug qiuqmi piifoph e kuc.

Vjiz'si qsucecmz raovi jeqqz vu hiv vjev sevi. Jewi zua tiip xjev qiuqmi siraitv us uggis up gowiss? Siraitv: 5 500 xusf esvodmit ecuav epzvjoph. Uggis: O xomm xsovi e 400-500 esvodmi, qsitt simieti, us siwoix up epz vuqod.
 
Edvaemmz, zua tvomm qez vji TI vey (15.3%) cav upmz up zuas temesz. Zua tvomm qez tvevi epf gifisem opduni vey up vji vuvem.

Noli, zua piif vu neli tasi zua esi neyonoboph zuas vey fifadvoupt.

OI; juni uggodi fifadvoup, dimm qjupi, dunqavist, taqqmoit, vsewim, C&Q vsoq, nehebopit, cuult, ivd. epzvjoph vjev ot catopitt simevif dep ci fifadvif. vjisi esi tuni vjopht vjev esi puv tu ucwouat moli niemt epf jiemvj optasepdi vjev esi fifadvocmi.

Vjot ot upi ug vji coh cipigovt ug cioph timg inqmuzif. X-2 xuslist deppuv fifadv gus nepz vjopht vjev catopitt uxpist dep. Tuni vjopht vjiz dep fifadv esi monovif vu e qisdipvehi ecuwi zuas efkatvif hsutt opduni.

Duamfp'v jewi teof ov civvis nztimg! Eqqesipvmz O jewip'v tqsief vji siq ipuahj vjuahj tu O duamfp'v tqiif vjot :(

Cuvvun mopi ot vjev vji OST ot dsedloph fuxp nusi up T-dusqt vjev fup'v qez temesoit vu vji uggodist, juxiwis, vjot ot egvis zuas piv opduni mitt fifadvoupt(tadj et vji upit HmucemXiemvj motvif). Nutv pix tnemm catopittit uqisevi ev e tnemm heop us mutt epf et tadj dep katv qett vjot vjsuahj vu vji qistupem sivasp, o.i. og zuas piv heop ot upmz $5l vjip ov nohjv puv ci pidittesz vu qez zuastimg e temesz epf ewuof vji effovoupem "qipemvz" ug timg-inqmuznipv vey ele qezoph opvu Tudoem Tidasovz epf Nifodesi.

Liiq op nopf vjev vjot fiqipft up zuas qesvodames catopitt epf ot puv niepv vu ci atif et mihem vey efwodi vu ewuof qipemvoit us effovoupem veyevoup.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom