I am really starting to wonder how building as a career is possible in any way.
I pay taxes 3 times a year, and none of my writeoffs are ever enough to reduce taxes to a point where i actually make a profit.
Along with my expenses (around 3000$ last year) I paid about 800 in state taxes.
When i just filed my federal taxes i had to pay 2100$.
My gross profit was about 8600 for the year. So that leaves about 3000 of profit, which doesnt even cover a few months of supplies at a time.
I really dont get it. How is it possible? The more i charge the more taxes i pay, and the less business i get.