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To: rktman

We all can do this too!

First though, you have to LOSE almost a BILLION dollars.


25 posted on 10/02/2016 5:42:24 AM PDT by faucetman (Just the facts, ma'am, Just the facts)
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To: faucetman

Business losses are a function of the cost of doing business. A business loss occurs when expenses exceed income. This includes paying taxes, buying product, expanding operations, covering overhead (rent, mortgages, utilities, infrastructure like trucks and computers) and paying for contractual services - payroll.
After everyone receives a salary and all of the vendors are paid and all of the taxes on goods and services are paid, whatever is left is profit. Typically this is a minuscule number. That “profit” is then paid to the owners and is taxed as personal income. Or it is reserved for expansion and development, after paying nearly half in state and federal taxes.


58 posted on 10/02/2016 6:17:18 AM PDT by Louis Foxwell (Stop the Left and save the world.)
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