15% Taxes for flipping?

[Chase Romine]

Hey everyone,

New to this. (Read a few books) but was wondering about the 15% tax on flipping homes since your considered a business. Is it 15% in every state? If not, how do I figure out what all my charges will be? Not sure who to talk to..

[Jason D.]

@Chase Romine yes, 50% of gross profit. Paid at tax time with your regular income taxes