Well I gave you the link for a regular IRA. I see for a Simple IRA plan you need publication 560 <a rel="nofollow" target="_blank" href="
https://www.irs.gov/pub/irs-pdf/p560.pdf">https://www.irs.gov/pub/irs-pdf/p560.pdf</a> I don't know exactly how that works. I don't see about it being up to your net profit like the regular IRA.
