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c00der
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I would like to know how a person gets taxed for income from a job and separate income from a LLC that I operate as my own business in the US. For example, if I generate 100k from my job; and if I generate 20k from the LLC and after expenses, if I make 10k from it as profit, do I get taxed for 100k+10k or 100k separately and 10k separately?

If I get taxed separately, then is there a minimum income threshold, for the income from the LLC, until which I don't get taxed?

Update:

I am not very knowledgable about company types. But, I am going to start the LLC alone or with my wife as a director. I did a little reading on S-Corps, and I don't think for now, I wouldn't incorporate the company as a S-Corp

I would like to know how a person gets taxed for income from a job and separate income from a LLC that I operate as my own business in the US. For example, if I generate 100k from my job; and if I generate 20k from the LLC and after expenses, if I make 10k from it as profit, do I get taxed for 100k+10k or 100k separately and 10k separately?

If I get taxed separately, then is there a minimum income threshold, for the income from the LLC, until which I don't get taxed?

I would like to know how a person gets taxed for income from a job and separate income from a LLC that I operate as my own business in the US. For example, if I generate 100k from my job; and if I generate 20k from the LLC and after expenses, if I make 10k from it as profit, do I get taxed for 100k+10k or 100k separately and 10k separately?

If I get taxed separately, then is there a minimum income threshold, for the income from the LLC, until which I don't get taxed?

Update:

I am not very knowledgable about company types. But, I am going to start the LLC alone or with my wife as a director. I did a little reading on S-Corps, and I don't think for now, I wouldn't incorporate the company as a S-Corp

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mhoran_psprep
mhoran_psprep
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c00der
c00der
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Getting Taxed for Income from Job and LLC

I would like to know how a person gets taxed for income from a job and separate income from a LLC that I operate as my own business in the US. For example, if I generate 100k from my job; and if I generate 20k from the LLC and after expenses, if I make 10k from it as profit, do I get taxed for 100k+10k or 100k separately and 10k separately?

If I get taxed separately, then is there a minimum income threshold, for the income from the LLC, until which I don't get taxed?