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To: Bigun
YN: How would a business ever loose money (and most do).

B: Many ways! Chief amongst them is failure to adequately plan for TAXES!
We are talking about corporate (income) taxes. They don't pay income taxes if they lose money. A business can't go from profitable to unprofitable because of income taxes because they are a percentage of profits.
347 posted on 08/21/2005 8:25:33 AM PDT by Your Nightmare
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To: Your Nightmare
A business can't go from profitable to unprofitable because of income taxes because they are a percentage of profits.
There you go confusing them with the difference between "of" and "on" again.
349 posted on 08/21/2005 9:28:29 AM PDT by lewislynn (Status quo today is the result of eliminating the previous status quo. Be careful what you wish for)
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