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From: troll@sug.org (Alex Newman)
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Date: Tue, 15 Mar 94 09:44:18 EST
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To: carolingia@bloom-beacon.mit.edu
Subject: Re: autocrat's pledge


<Yevsha writes:
<
<> Despite what Harald says, deductions for expenses are not done on a
<> dollar per dollar basis.  Taxes are figured on gross, with some
<> deductions for expenses (cost of goods, etc), but if you breakeven you
<> are still liable for taxes.
<
<Wow, Aleks -- if that's how you do your tax accounting, it's no wonder
<your company's in Chapter 11.    ;^)
<
<Seriously, I can't be the only person here who's ever run a sole-
<proprietorship business.  The bookkeeping's really not that hard:

Alex,

I'm *not* talking about a sole-proprietorship, I'm talking about a
corporation.  And even in a sole-proprietorship, all expenses are
_not_ deductible.  If you're deducting all your expenses, you're doing
something illegal or wrong.

--Aleks


++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Alex Newman		Sun User Group		"In a year and a day come
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