View Single Post
  #19   Report Post  
Schoonertrash
 
Posts: n/a
Default I work for all of you!

It ain't rocket science. Well for some it isn't rocket science. Best
supporter of my pricing method was the IRS. When I sold out to my partner
we had to do a complete set of books for those folks. Zero complaints from
them. Same thing when I sold the publishing business to another company.
My net profit (gross minus all overhead including the various business
taxes) accrued to me and was subject only to personal income tax at that
point.

So if you (as a business) don't count the taxes you collected in the sale
of goods and and/or services, or the other taxes you otherwise pay as a cost
of doing business where do they end up? I don't understand where in the
ledgers you buried ahhh listed them. Is this some sort of business income
tax based on net profit of the business? We didn't have that in my state.
Even so, I still am not sure why it was not counted as a cost of doing
business.

For sure it makes me glad I'm working for all of you instead of running one
of those businesses again. Now I have a guy who specializes in mariner's do
the income tax. Much simpler . . .at least until we get a fair flat tax
system but then I'd end up paying more. Gonna miss those loopholes when
that happens.

MST