dynalow, i thank you for your detailed reply. I'm having a hard time understanding what you mean, however. When you say that the self employment tax is 12%, that means that i need to add 12% to what i would typically be taxed(I.E. around 20%, which would bring me to a 32% tax rate for an individual right out of school and trying to get his own business going?!?!) If thats the case uncle same can go F-himself, because thats BS. I'm certainly not saying you arent correct, that information just alarms me. If that is the case then what i have been doing, putting aside 20% of my gross, will not be near enough, unless of course i can find a way to make 12% interest off of my money. I highly doubt i will be in the bracket of the 31k plus a year, i'm estimating my income to be roughly 24k for the year, untaxed. Next year however when i'm done with school i darn well better be in the 31k plus tax bracket, or i will be looking for a new job. Once again thank you, i will take another look at this thread tomorow when i dont' have quite as many rum and cokes in me(had a date tonight, it went well...lol). Thanks again,
Ryan

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83 300SD.......sold
96 integra SE....sold
99 a4 quattro....sold
2001 IS300.......sold
2002 330i.........current.
2004 highlander limited....current.