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  • Ive read there is a flat 15% rate but then I have also read that taxation varies by state.. :confused: If it is a sole member LLC (like a Sole Proprietorship), then all the income of the LLC rolls into your personal taxes, and gets reported on Schedule C and Form 1040. <a href="http://www.irs.gov/pub/irs-pdf/p3402.pdf">http://www.irs.gov/pub/irs-pdf/p3402.pdf</a> So the tax rate is whatever your personal tax rate is. joe FlyingDiver wrote: ???? If it is a
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