ST Alpha - "You don't tax gross income. Obama hasn't proposed anything like that. -- nm" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 153

In response to "Obama wants to tax 250k of the gross business income or the gross income of the owner? -- nm" by lileve

You don't tax gross income. Obama hasn't proposed anything like that. -- nm

Posted by pmb (aka pmb) Oct 16 '08, 12:00

(No message)

Responses:

What does we want to tax. Net profit then? Of the business or the owner? -- nm - lileve Oct 16, 12:02 10
- It's always net income and whether it is the business or owner depends on how the business is formed. - pmb Oct 16, 12:05 8
  - How about incorporations? -- nm - lileve Oct 16, 12:06 7
    - There are S corporations and C corporations and I described them above. -- nm - pmb Oct 16, 12:07 6
      - never heard them refered that way sorry. -- nm - lileve Oct 16, 12:09 5
        
        P.S.: Thanks for making it into place english. I'm going need to know this info when I start my own biz. But thats not for a while. -- nm - lileve Oct 16, 12:09 4
        
        what kind of business are you looking to start? if you'll indulge my curiosity... -- nm - znufrii Oct 16, 12:11 3
        
        Advertising and Graphic Design Firm. It will be years though. -- nm - lileve Oct 16, 12:16 2
        
        good luck to you if and when if finally happens! -- nm - znufrii Oct 16, 12:19 1
        
        Thanks! -- nm - lileve Oct 16, 12:20
- that would depend on the type of bussiness - tRuMaN Oct 16, 12:05

Post a message top

Replies are disabled on threads older than 7 days.