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A comment on Tell HN: Help restore the tax deduction for software dev in the US (Section 174). Parent comment

Re:Tell HN: Help restore the tax deduction for software dev ... by aqme28 on Monday June 09, 2025 @02:37PM (#44227687)
(Not a tax professional) The federal corporate tax rate is 21% and for states it ranges from 0 to about 9%.

So generally you're going to pay at least 21% or $170k for those "profits."

[ Parent | on HN ]
Re:Tell HN: Help restore the tax deduction for software dev ... by rbultje on Monday June 09, 2025 @08:05PM (#44231053)
LLCs pay 37%, not 21%. Plus state plus local. This can reach 50% in high-tax areas like CA or NY.
[ Parent | on HN ]