Does Geithner’s quote sum up Obama-nomics; “Taxes on Small Business Must Rise So Government Doesn’t ‘Shrink’”?

Question by : Does Geithner’s quote sum up Obama-nomics; “Taxes on Small Business Must Rise So Government Doesn’t ‘Shrink’”? http://www.cnsnews.com/news/article/geithner-taxes-small-business-must-rise The administration’s plan to raise the tax rate on small businesses is part of its plan to raise taxes on all Americans who make more than $ 250,000 per year—including businesses that file taxes the ...…

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Q&A: Are small business earnings treated the same as personal income for taxes?

Question by Joe: Are small business earnings treated the same as personal income for taxes? A friend argued that progressive taxation hits small business income, because, in addition to individuals making over a certain amount, it also targets the total earnings of small business (before recouping expenses and paying employees) In other words, If a ...…

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Small Business Taxes?

Question by Wes D: Small Business Taxes? At present, my business has not revenued the minimum required to file taxes, $ 400. I am fixing to do a fundraiser with a local organization to get them some extra cash. I am almost 100% positive that after the fundriaser there will be more than $ 400 ...…

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Q&A: Would anyone here know the average business small business total tax bill as a percent of revenue?

Question by Purge DC!: Would anyone here know the average business small business total tax bill as a percent of revenue? Would anyone here to know a rough ballpark figure for the total tax bill for an average small business if you considered all taxes the business has to pay as a percent of revenue? ...…

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How are you going to blame taxes for a possible crash of small business?

Question by The Names Mud: How are you going to blame taxes for a possible crash of small business? Yet the companies who get the tax breaks sell groceries, clothes, electronics, music, sports items, gasoline, They have garages for oil changes and tire rotation, e.t.c. and it’s all in one store! Oh, and places like ...…

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Where to file small business taxes?

Question by : Where to file small business taxes? Best answer: Answer by troif you are filing your small business as a sole proprietor, you will be filing with your 1040 to the IRS center of your area Add your own answer in the comments!…

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Where do I find the EXACT 1099 1st Qtr. estimated taxes forms online for small new start business Jan. 07?

Question by Pete: Where do I find the EXACT 1099 1st Qtr. estimated taxes forms online for small new start business Jan. 07? I need to pay my 1st quarter estimated taxes. I just started a small business 1/1/7 with me as the only employee. I went to www.irs.gov and can’t seem to find what ...…

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Q&A: If you ran a small business, would you want to hire people if the government taxes you on NO profits?

Question by -Mewtwo-: If you ran a small business, would you want to hire people if the government taxes you on NO profits? If you own a small business and want to hire people but new tax comes in stating you must pay a percentage on all your sales, profit or not, would that make ...…

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What about using the tax exempt income for capitol in my small business; i.e. new equipment?

Question by : What about using the tax exempt income for capitol in my small business; i.e. new equipment? I am considering taking on a two month project and filing exempt. With the non taxed money, buying equipment for my small business. Paying taxes on the money that is not spent for business. Best answer: ...…

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What taxes do you have to pay when you own a small home based business?

Question by LISA: What taxes do you have to pay when you own a small home based business? I am planning on opening a small business with in the next year. I am trying to find out how my taxes will change. Is it true that i will have to pay in taxes every three ...…

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