Well lets apply it to both (was not aware there is a difference) since it is still classified as income.
-----Original Message----- From: Loathe [mailto:[EMAIL PROTECTED] Sent: Wednesday, February 20, 2008 1:01 PM To: CF-Community Subject: Re: Taxes (Fed / State) Was it cash and or paypal? ColdFusion wrote: > How does everyone handle taxes when income received from consulting work? > > > > Example: > > Project A brought in $1000.00 > > > > Now set aside 33% for federal and say 10% for state (I am in the state where > there are state taxes). > > So if I set aside 50% is that too much? > > > > The figures are just estimates. > > > > (Checking IRS site as well, just thought I would ask here) > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;160198600;22374440;w Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:254544 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
