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To: Bernard

True and that “rich” category has to do with the tax code and who they say is “rich” regardless of whether the money is actually paid to the small business owner or not.Many of us take out only enough to get by so we can plow everything back into the business. That makes us rich,hardly.


112 posted on 07/29/2012 8:43:43 AM PDT by rodguy911 (FreeRepublic:Land of the Free because of the Brave--Sarah Palin 2012)
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To: rodguy911
True and that “rich” category has to do with the tax code and who they say is “rich” regardless of whether the money is actually paid to the small business owner or not.Many of us take out only enough to get by so we can plow everything back into the business.

I apologize in advance for my ignorance --:( -- but I do recall reading that if a small business is organized as an S Corporation, the owner's reported income is misleading. If this is indeed the case, someone should explain it. Or maybe I misunderstood . . . all too possible . . .

167 posted on 07/29/2012 1:46:35 PM PDT by maryz
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