Is it still possible to become a part time dealer?

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#17

10-18-2015, 12:17 PM

buymycards buymycards is offline

Rick McQuillan

Member

Join Date: May 2009

Location: Wisconsin

Posts: 3,178

taxes

Adam made a good point concerning taxes. Every time that you make a dollar in profit you will need to pay 12.4 cents for Social Security taxes, 2.9 cents for Medicare taxes, plus, depending on your tax bracket, at least 15 cents for the IRS and maybe another nickel for state income taxes. So, that dollar of profit is down to about 65 cents after you pay the government.

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Rick McQuillan

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