Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: MinorityRepublican

Let me guess. It has low taxes on business and incomes??


39 posted on 12/25/2005 10:43:20 PM PST by GeronL (1678 computer infections and still Freeping!!! [Update, less than 300 remain])
[ Post Reply | Private Reply | To 1 | View Replies ]


To: GeronL
Let me guess. It has low taxes on business and incomes??

Yes.

40 posted on 12/25/2005 10:44:10 PM PST by MinorityRepublican (everyone that doesn't like what America and President Bush has done for Iraq can all go to HELL)
[ Post Reply | Private Reply | To 39 | View Replies ]

To: GeronL

Not on incomes. Income tax tops out at 9 percent.


43 posted on 12/25/2005 11:08:28 PM PST by MarkeyD (Cowards cut and run. Marines finish the job. I really, really loathe liberals.)
[ Post Reply | Private Reply | To 39 | View Replies ]

To: GeronL
Let me guess. It has low taxes on business and incomes??

As an employee I pay $7249 SIT on the first $100,000. The amount over $100,000 is taxed at 7.8%. Sales tax is 5%. My house has an assessed valuation for tax purposes of $185,000. Annual taxes are around $3150.

I'm toying with opening an office as a real business instead of being an employee working at home. I'm told that you must take inventory of all your office furnishings and equipment and pay an annual tax on it. That's not very business friendly. There is no way I would operate the business out of my home if all my possessions became subject to annual taxation. More likely, I would rent office space and outfit it with the minimum necessary resources to get the job done. No point in paying taxes on stuff you don't need and/or are not using.

46 posted on 12/25/2005 11:21:44 PM PST by Myrddin
[ Post Reply | Private Reply | To 39 | View Replies ]

To: GeronL
Let me guess. It has low taxes on business and incomes??

Idaho has a lot of things, but low taxes are not included.

59 posted on 12/26/2005 6:28:29 AM PST by cruiserman
[ Post Reply | Private Reply | To 39 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson