Re: paying taxes
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The SEP IRA lets you deduct the amount you put into it (up to 25% of your reported income) from your taxable income, up to a max of $44,000/yr. The magic number here is like $176k a year or whatever. You invest/save $44k tax free and pay taxes on the other $130k. The catch is that you can't withdraw this money from your IRA until you retire, if you do there are stiff penalties.
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Degen,
Are we allowed to have both ROTH & the SEP? This would be [censored] sweet.
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