[Paul C. Jesup]

Profit is a residual which may result if revenues exceed costs of production. It cannot be accurately predicted and may not exist at all depending upon market prediction accuracy. Thus, there is no way to know how much one would budget for potential income taxes.

We're talking about 'cost' not 'profit'. And costs are not mainly factored by profit. Costs are factored by 'gross'. 'Gross' subtracted by cost of production, wages, cost of paper work, and taxes; both currently paid taxes and those taxes paid later by saving their money and paying those taxes later, this includes income tax.

Only after all this has been taken out of the 'gross' do you get the 'profit' for a business.

One just hopes they will have to pay some since that means they were profitable. Business owners never know what those profits are going to be until the books are balanced at the end of the year.

The above statement is complete BS. Businesses can use their accounting records over one or more years to discern a pattern and present a general plan as to what the 'gross', 'profits' and how they will pay in taxes in the upcoming year.
No I don't. Not all Third Assistant Vice Presidents are accountants.

So your a corperate socialist without the intelligence to know where your paycheck really comes from.

[justshutupandtakeit]

I stated that profit is a residual and you posted something which might be saying that but is too convoluted to make much sense.

Profits are often restated months or even years after the business year is ended. Do you have no experience reading financial reports or business news so that you are unaware of this simple fact?

A "corperate socialist" LoL. If you are going to try and insult someone at least spell the insult correctly so as to avoid looking like a total nimrod.