Newbie LLC tax question

[Jesse Liu]

Hi guys, newbie question here. I have been considering forming an LLC and I'm unsure which one to go by. I was told single person LLC is most popular and you could include your spouse. My wife works at home and makes minimal income through music tutoring (above $3K). How does taxation work in this case if we both form a single person LLC? Would it be the same rate as our gross income (W2), or is it a separate rate (i.e. if we split 50/50, she would be taxed at her personal bracket and I would be taxed at my bracket). How easy would be to transfer my 4 rental properties to the LLC? Thanks for all your help!