I am really, really glad you're not my accountant. :-)

"Schoonertrash" wrote in message
...
Iguess it's all in how you look at it. Had the same problem back in FFA.
At the end of four years my projects all showed a profit. The instructor
pointed out I hadn't included the value of my time, which then of course
would show me at a huge loss. My point was my time had not value unless
someone else had offered to pay me for work of some sort . ..and I turned
them down in favor of working on the FFA project. Since I never turned
down a paying job and included that in the figures I was ahead on both
counts. The only value my time had was what I produced, in terms of cash
for a job done for others or cash for selling beef, corn, ornamental
shrubs
et. al , at the end. We never did agree but since in 1963 I finished four
years of high school with a goodly amount of cash in the bank I still
received a "B" for the course. Why not an "A"? Well . . .part of the
course had to do with things like welding . . . .and that's not something
I
would make a profit in doing.

My only point is that everything is either cost, gross sales or net
profit.
Anything that diminishes the second two goes in the first group. At the
end
it's the money paid to me (before personal income tax) that counts. I'm
not
so sure personal income tax shouldn't count anyway if you think of it as a
cost of doing business . .which, after all, is what we all do. My current
business is selling my mariner skills to the company that operates this
particular vessel.

I'll stick to my guns. Only consumers pay tax. Businesses only collect
taxes . .. and one way or another pass on the cost to their customers and
the profits to their investors. And by the way . .. sales tax is based on
gross sales not net profit. Sheesh, just thinking about all the taxes I
had
to pass on to the customers gives me a headache.

And as my Uncle Olaf used to say . . . .

Cheers

MST