ST Alpha - "What does we want to tax. Net profit then? Of the business or the owner? -- nm" (Reading a Post)

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In response to "You don't tax gross income. Obama hasn't proposed anything like that. -- nm" by pmb

What does we want to tax. Net profit then? Of the business or the owner? -- nm

Posted by lileve (aka lileve) Oct 16 '08, 12:02

(No message)

Responses:

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

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