Does the income tax rate change based on the LLC's (sole membership) income bracket (if less than $50k) or is it 22% for all?
Also is the self-employment tax (15,3%) calculated based on the 100% net income?
Let's say I have an income of $10.000 (after expenses), will the estimated SE tax be $1,530? Of which 50% is deductible?
Thanks!
