Tax confusion

[Christopher Haney]

BP, Again I don't have a Flipping clue. Ok that was a lot funnier in my head. But seriously, I was reading several posts on here about SE taxes and got a little confused. What exactly gets taxed? Is it all profits the properties make or just the portion(s) that I payout to myself? Also I saw someone mention that I have to pay SE tax and regular taxes. What is the regular taxes? Is that like the income tax we pay if we work for someone else? My plan is to take 50% of the profits earned from each property and keep it in the business for future deals. The other 50% would be for my pay. Would I be paying these taxes on the entire 100% or just the 50%? Thank you for your time, Chris H