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Old 07-31-2008, 04:06 PM
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jillian jillian is offline
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Quote:
Originally Posted by mcenulty View Post
If a small, unincorporated business person has expenses associated with what they are selling then that is deducted from gross to come up with a net income for tax purposes. A rate of approximately 17% overall is what I believe will work.
Then you're talking about Schedule C's.... same difference. I'm not sure there's justification for a 17% income tax (though it would be nice) if we're already running at a deficit.

What about dividend income/property valuation/capital gains? Or are we doing the "let's protect Steve Forbes' assets" thing?
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