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Old 04-22-2016
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yankee yankee is offline
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Default Re: Taxes for EIN and paypal business account

Typically businesses have more deductions and lower tax rates. If done right you wipe out SS/FICA or self employment taxes of 15% you currently are paying, so for almost everyone, a business makes them money and saves them a ton of money.

The only one who knows what is right for you is you and your advisers. I would contact your accountant and if he does not know, search for a business accountant who does.
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