Owner Tax Calculation
One
of the model assumptions is that the
developer's ownership is in the form of a
pass-through entity (i.e., S-Corp, LLC). As such the entity is
not
taxed,
but project
income flows through to the owner personally and is taxed at
his or
her marginal tax rate.
If multiple owners are involved with the project, each
one is taxed at his or her marginal rate under his or
her filing status.
To estimate tax liability, the owner simply enters his or her percentage ownership in the project and tax filing status on lines 46A and 46B of the LDM input page - 35 percent and married filing jointly in the case of the sample project. The project's annual profit before tax is multiplied by the percentage ownership and is displayed on the owner tax calculation table as the individual owner's profit before tax. Those annual line items are subjected to the tax rate table and tax liability is calculated.
The pages of the model are password protected at the time of delivery to ensure that inadvertent changes are not made to the model. The only password you need to know is for the owner tax page so you can update the tax tables from time to time. That password is "password" (case sensitive). When changes are necessary, go to 'Tools' > 'Protection' > 'Unprotect Sheet' > type "password" , and make changes to the tax rate table. Do not make changes to any part of the owner tax calculation table. When you are done, go to 'Tools' > 'Protection' > 'Protect Sheet' > type "password", or change the password if you like, but write it down and keep it somewhere safe. In the event the number of tax brackets change and formulas need to be modified, we will do it for you and send an updated file.
To estimate tax liability, the owner simply enters his or her percentage ownership in the project and tax filing status on lines 46A and 46B of the LDM input page - 35 percent and married filing jointly in the case of the sample project. The project's annual profit before tax is multiplied by the percentage ownership and is displayed on the owner tax calculation table as the individual owner's profit before tax. Those annual line items are subjected to the tax rate table and tax liability is calculated.
The pages of the model are password protected at the time of delivery to ensure that inadvertent changes are not made to the model. The only password you need to know is for the owner tax page so you can update the tax tables from time to time. That password is "password" (case sensitive). When changes are necessary, go to 'Tools' > 'Protection' > 'Unprotect Sheet' > type "password" , and make changes to the tax rate table. Do not make changes to any part of the owner tax calculation table. When you are done, go to 'Tools' > 'Protection' > 'Protect Sheet' > type "password", or change the password if you like, but write it down and keep it somewhere safe. In the event the number of tax brackets change and formulas need to be modified, we will do it for you and send an updated file.
Use
Browser's Back Button Or Scroll Up To Return to Text
2010 Tax Rate Table
| Single | |||||||
| Base | |||||||
| 10% | $0 | $8,375 | $0 | ||||
| 15% | $8,375 | to | $34,000 | $838 | |||
| 25% | $34,000 | to | $82,400 | $4,681 | |||
| 28% | $82,400 | to | $171,850 | $16,781 | |||
| 33% | $171,850 | to | $373,650 | $41,827 | |||
| 35% | Over | $373,650 | $108,421 | ||||
| Married Jointly |
|||||||
| Base | |||||||
| 10% | $0 | $16,700 | $0 | ||||
| 15% | $16,750 | to | $68,000 | $1,675 | |||
| 25% | $68,000 | to | $137,300 | $9,363 | |||
| 28% | $137,300 | to | $209,250 | $26,688 | |||
| 33% | $209,250 | to | $373,650 | $46,884 | |||
| 35% | Over | $373,650 | $101,086 | ||||
| Married Separately |
|||||||
| Base | |||||||
| 10% | $0 | $8,375 | $0 | ||||
| 15% | $8,375 | to | $34,000 | $838 | |||
| 25% | $34,000 | to | $68,650 | $4,681 | |||
| 28% | $68,650 | to | $104,625 | $13,344 | |||
| 33% | $104,625 | to | $186,825 | $23,417 | |||
| 35% | Over | $186,825 | $50,543 | ||||
Use
Browser's Back Button Or Scroll Up To Return to Text
Owner
Tax Calculation Table
| Percentage Ownership > | 35.00% | ||||||
| Filing Status > | Married Jointly | ||||||
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | ||
| Profit Before Tax (Project) | $79,480 | $412,455 | $468,396 | $455,446 | $132,838 | $1,548,615 | |
| Profit Before Tax (Owner) | $27,818 | $144,359 | $163,938 | $159,406 | $46,493 | $542,015 | |
| Tax (Owner) | $3,335 | $28,665 | $34,147 | $32,878 | $6,137 | $105,161 | |
| Profit After Tax (Owner) | $24,483 | $115,695 | $129,792 | $126,528 | $40,357 | $436,854 | |
| Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | Year 11 | ||
| Profit Before Tax (Project) | |||||||
| Profit Before Tax (Owner) | |||||||
| Tax (Owner) | |||||||
| Profit After Tax (Owner) | |||||||
If you wish to ask us a question about the model, 'Contact
Us' and we will get back to you
as soon as possible.
If you have seen enough and would like to purchase the LDM,
click the 'Buy Now' link below, and remember, the purchase is totally
refundable if you are not 100 percent satisfied.
You can't go wrong at just $75.00!
Profit By Phase
Profit, Cash Flow, Project Summary Tables & Lot Sale Schedule
Interest Calculation
Cash Inflow & Loan Reduction
Key Variables
LDM Input Page
Profit, Cash Flow, Project Summary Tables & Lot Sale Schedule
Interest Calculation
Cash Inflow & Loan Reduction
Key Variables
LDM Input Page
Land Development Model, LLC
302 West Lafayette Road
Medina, OH 44256
330.441.1690
302 West Lafayette Road
Medina, OH 44256
330.441.1690