Quote:
Originally Posted by Excaliber
From $10 to $140, a $130 annuall increase,,, thats it?
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$150 is now the minimum tax up from $10. There is now a new gross receipts tax retroactive to last January of up to $100,000 on C corps.
There are many businesses here that lost money last year with gross sales of 10's of millions that now owe back taxes. We now have a effective sales tax on Corporations with some of them owing as much as a $100,000 and still have no profits and those that are profitable will have to pay an additional tax of 7.5%.
My company is a Sub-S I pay the minimum of $150 and 9% on all profits(like that will happen again soon).
Bo..
"All of the North West seems to have become extremely wacky. Must be the weather"
Bite me...
