Effective tax rate on PM Income or RE Agent Income?

[Louis P.]

It's Tax Time!  Curious to see what independent property managers or real estate agents are seeing for effective tax rates.

Given it's a service business with little offsetting expenses/deductions, seems like it can be difficult to lower the tax burden.

As an example, for every $100 of net income, I'd ballpark that 20% of that could be paid in taxes after reasonable deductions.