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To: ridesthemiles

Do you know if the businesses would pay on net sales or net profit?


53 posted on 08/10/2015 8:00:48 AM PDT by Rusty0604
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To: Rusty0604

It is obvious you not only have never owned a business but also have no idea how difficult it is to make a profit. These taxes have to be paid on profit. At the 15% rate connsider it is common for a small business to have over 1 million in sales. It is extremely rare for a business to have 15% profit. If the tax was 15% of sales then almost all business with over 1 million in revenue would be in the red after paying taxes.


122 posted on 08/14/2015 7:49:39 PM PDT by TruthWillWin (The problem with socialism is that you eventually run out of other peoples money.)
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