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Short Link for sharing
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https://bit.ly/4g04SAw
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Arts & Numbers Framework
For 2025
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Simplified Life Math for Planning
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BusinessPersonal
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In & OutsIn & Outs
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Income $ - W-2 (Gross) $ 70,000
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Other Non-Business Income
$ -
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Expenses $ - Income from Business $ -
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Household Expenses $ 48,000
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Net $ - Net $ 22,000
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TaxesTaxes
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Entity Type: Sole Proprietor Filing Status: Single
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SE Taxes15.3% $ - FICA $ 5,355
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State Taxes New York Income Taxes $ 12,231 Total Taxes
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City Taxes Medium $ 17,586
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25.1%
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Total Tax Estimate* $ - Total Tax Estimate* $ 17,586
(percent of gross income)
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Strategic ChoicesStrategic Choices
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What's Left? $ - What's Left? $ 4,414
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Total Savings
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Reinvest in Business5.0% $ - Short-term Savings50.0% $ 2,207 $ 4,414
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Pre-Tax Retirement0.0% $ - 6.3%
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Owner Distribution79.7% $ - Post-Tax Retirement0.0% $ -
(percent of gross income)
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Other Goals50.0% $ 2,207
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*The tax estimate is just that: a simplified estimate. It is not an exact calculation.
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