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It's a LLC so it's all about my own taxes. I was using 33% based on having owned my own business in the past and seeing that overall, the IRS was taking approximately 33% of my income. So I wasn't breaking it down and instead using an approximate overall percentage of my income. Maybe I should run through an actual scenario on a 1040 or ask a CPA to run the exact numbers.

Yes, you probably need to ask the CPA about what the impact will be.

However, I still think that one of the big things that you are not taking into account is the value of the time you will have to spend on the business.

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