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To: Principled

Income taxes of businesses are paid ONLY out of profits gross revenues are only one variable. You could pay zero income taxes with revenues of 10 billion or zero income taxes with revenues of 10 thousand. Or you could pay a Million on revenues of 4 million or a Thousand on revenues of a Billion.

"Small" businesses may be paying BIGGER income tazes than BIG businesses. You may have paid more than GM last year.
So forget "revenues."


868 posted on 05/21/2005 8:51:43 PM PDT by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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To: justshutupandtakeit
You may have paid more than GM last year. So forget "revenues."
I did. They had a ~$280 million dollar credit last year!
897 posted on 05/22/2005 6:50:37 AM PDT by Your Nightmare
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To: justshutupandtakeit

What's your point? Are you saying no business ever needs revenues? Interesting concept.


907 posted on 05/22/2005 7:40:18 AM PDT by pigdog
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