William Brenner wrote:
- quote -

Perhaps not statewide, got to admit, however........

- quote -

I rest my case! (grin

ChEAr$,
Harlan Lunsford

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- quote -

Thanks for posting this. I had not been able to find the
results of the vote. The newspaper I subscribe to in Florida
usually comes to me about three weeks late (I just got the
October 28 issue today).

Carol
My mind not only wanders, sometimes it leaves completely.

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Harlan Lunsford offered:

- quote -

Come on , Harlan. <g> Florida might be a lot of things, but
"liberal" (statewide) is not one of them.

A constitutional amendment was just passed raising the state
minimum wage (where the federal minimum applies) to $6.15 --
plus future COL adjustments. It passed by 71%.

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Mike Cox at mikecoxlinux[at]yahoo.com wrote:

- quote -

The simplest way to account for self-employment is on a
schedule C or C-EZ. You add up all the money you collect
from selling your services and subtract any expenses you
have of providing them. Expenses might include the costs of
finding work, tools, safety equipment, etc. What is left is
your self-employment income.

If your income exceeds the limits mentioned by Jack Fisher
(about $400) you will have to pay self employment tax of
15.3%. Depending on your level of income and several other
factors including whether you have any children, you may
recover some of this with the Earned Income Credit. In
2005, you get $3200 tax free for you, your spouse, and each
of your dependent children. You also get a standard
deduction amount tax free. If you are single, you get to
exclude $5000 and $10,000 if you file jointly with your
wife.

So, in 2005, you should be able to earn $8200 before you owe
any income tax but you will owe Self employment tax. You
pay taxes on a quarterly basis by making estimated payments.

All freely provided advice guarantee correct or double your
money back

Frank S. Duke, Jr. CPA
Cincinnati, OH USA

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Jesse Meyer <meyer_spammenot_[at]ideaone.net> wrote:

- quote -

You're highly mistaken. The federal minimum wage is $5.15
per hour. Some states are higher. See here for your states
minimum wage:

http://www.dol.gov/esa/minwage/america.htm

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Jesse Meyer wrote:
- quote -

You are. It's $5.15 per hour. Some (liberal) states have
higher minimums however.

ChEAr$,
Harlan Lunsford, EA n LA

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- quote -

I *think* you're highly mistaken. I think it is $5.15 an
hour, though Florida was going to vote on it a couple of
weeks ago and I don't know the outcome of that.

Carol
My mind not only wanders, sometimes it leaves completely.

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Mike Cox <mikecoxlinux[at]yahoo.com> wrote:

- quote -

Unless I'm highly mistaken, minimum wage is $6.15 in the US,
with very few exceptions that shouldn't apply to manual
labor.

Therefore, for manual labor a legal wage has to be at least
$6.15.

To be honest, short of the most mundane tasks, I've never
seen a manual labor job pay anywhere in the neighborhood of
minimum wage. They tend to pay a lot more, but they are
*hard* jobs.

What are you looking to do?

--
Want to listen to new music?
Why don't you look at iRATE? icq: 34583382
http://irate.sourceforge.net/ msn: dasunt[at]hotmail.guess
jabber: dasunt[at]theoretic.com

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- quote -

There's nothing wrong with your going into business for
yourself!!! Check with your local government to see if
there are any license or zoning requirements. Your services
may be subject to sales tax in your state. If that's the
case, you'll need a license from the state to collect it.

The expenses you incur, for doing your business, are
deductible from your income. Your net income is used to
determine the amount of tax. You'll pay tax at the rate of
15.3% on any business income which exceeds $433. and only
Medicare Tax if your income is $400 or less (2.9%). This
tax provides an adjustment to your income. 1/2 of it is
subtracted from your adjusted gross income. In addition to
this, you'd pay your income tax based on your taxable income
after adjustments, deductions, exemptions, credits, etc.

You may also have to pay state and local taxes on your
business income. You'd have to check those issues out on
your own.

Hook up with a local tax professional for help in getting
started and in setting up your books.

Good Luck!!-

"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

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I've been working part time this year (not my choice), and
have made about 2000 dollars. My employer and I paid all
the required taxes (Social Security ect.). Unfortunately,
lately I've been unable to get much work through this agency
(my employer).

I think that the reason i'm unable to get work is that the
minimum wage is too high in relationship to my skills. I
know I could get more work if I were paid less than minimum
wage, and I would make more money than if I worked part time
for minimum wage. (Lots of hours with less than minimum wage
is greater income than little hours at minimum wage).

I see a lot of people standing on the streets (mostly
illegal mexicans) in cities waiting to get manual labor
work. This is something I would like to do, but I want to
do this legally while still being competitive with regards
to wages. Let's say 4 dollars an hour.

What taxes would I need to pay? How often and where do I
need to pay them? Is there a certain business structure I
need in order to do this? I don't want to do anything wrong
or against the law but I have no clue as to what the laws
are.

Thanks for any help.

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