ST Alpha - "theoretically, I'd agree. In reality, I've seen what is actually income get passed off to other categories due to loopholes -- nm" (Reading a Post)

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In response to "There really should be very little difference between the small business owner's income and the net income of the business." by pmb

theoretically, I'd agree. In reality, I've seen what is actually income get passed off to other categories due to loopholes -- nm

Posted by crash davis (aka crash davis) Oct 16 '08, 11:58

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Some people run some personal expenses through the business (to the extent they can show a business purpose). - pmb Oct 16, 12:03 1
- I agree wholeheartedly with your IM. I was just saying that in my anecdotal experience, the 250K threshold will actually be a higher number than 250K -- nm - crash davis Oct 16, 12:05

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