The corporate tax rate schedule is applied to income before taxes, and as a percentage of net income before taxes. This kind of makes income tax expense a special kind of expense. Consider for example, if regular expenses go up in relation to sales, the reduce income would cause income taxes expense to go down all be itself, partially offsetting the need to increase sales prices to cover income tax expense. If regular expenses go up to the point they exceed revenue; the resulting loss would eliminate income tax expense for that year. The loss could be carried forward to offset future income, as well.
Regards, LelandJ [EMAIL PROTECTED] wrote: >> For income tax purposes a corporation is consider a person, much like >> you and I. >> > > As viewed by the government... etc. However, corps get their money from the > products/services they sell. If their expenses go up, generally the prices > do, moderated by supply and demand, so the consumer pays the corporate taxes > no matter how they are calcualted. Hence, you don't tax businesses, you only > deputize them to collect more from the consumer. > > Larry Miller > > --- StripMime Report -- processed MIME parts --- > multipart/alternative > text/plain (text body -- kept) > text/html > --- > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
