as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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income tax and investments
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unless you make those investments inside a tax-deferred account, you will have to pay income-taxes on that money this year. because you made that money through your own business, you will also have payroll taxes due on that money this year.
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