Message:

<p>[QUOTE=&quot;Detecto92, post: 1861804, member: 75105&quot;]The problem with taxes is that it&#039;s way too confusing and redundant.</p><p><br /></p><p><b>For example, you have to:</b></p><p><br /></p><p>1. Collect and pay Illinois sales tax, and collect and pay &quot;use tax&quot; on inventory purchased out state lines.</p><p><br /></p><p>2. Fill out a schedule C with a 1040.</p><p><br /></p><p>3. Pay &quot;estimated taxes&quot; every 3 months, and if your business makes <b>more</b> money than expected, you are fined penalties and interest for not paying more.</p><p><br /></p><p>4. Pay self employment tax, ON TOP OF regular income taxes, which includes medicare and SS.</p><p><br /></p><p>5...and if that&#039;s not enough you ALSO have to pay income tax for the STATE as well.</p><p><br /></p><p>Be honest, in a retail business, how the hell do you know how much money you will make?</p><p><br /></p><p>How do you know some customer won&#039;t come in and spend 5k on coins, or have no customers at all? It seems the IRS expects you to have a crystal ball.</p><p><br /></p><p>It&#039;s impossible for a retail store to know the volume of business you will have![/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in