@Bob Romano did you not get a copy of his drivers licenses and social security?

While the income tax rates are the same (both individual rates), being self-employed means you have to pay twice as much as an employee into Social Security/Medicare, as you pay both the 'employee' and 'employer' portion of the tax.

You'll hear it repeated over and over again, but you're the average of the 5 people you spend the most time with so while I may not have access to investors and great thinkers I want to emulate, I do have access to free audiobooks from my public library and investors I admire to follow on social media which are the next best thing.

I think you see where I'm going here.I can't say what "most" people are doing with their profit, but a responsible entrepreneur balances the need to have reserves / deployment of capital / personal income.

We posted "open house" event on social media and several free access real estate websites.

Not to mention the local press and social media.It is very very easy to be a fire starter.

Do I need to apply for Social Security Number?

But there are some people that do not like the large more social scenes and would prefer a smaller complex. 

Photography, social media marketing, digital design, networking, volunteer/community events, research junkie. 

So my understanding of what I’m reading about taxes is that I have to pay a 15.3% tax for social security and Medicare plus 9.2% for income between 50-100k for a total of about 25% of my flip money taken by the government.