Tax rate for cash flow

[Margie Pierce]

I am someone who currently works on a W-2 basis and plans to transition to living off of my cash flow but in the next couple of years.

 I am interested to hear about peoples first hand experience with earning $100,000 on a W-2 basis for an employer versus living off of $100,000 per year of cash flow. 

Clearly there are more write offs with the cash flow scenario but can anyone comment as to the actual difference between the two scenarios? Thanks in advance!