Tax Rates Reflect Well Being: Difference between revisions
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Revision as of 19:22, 4 February 2025
Many small business owners start with a sole proprietorship to avoid the costs of forming a corporation or LLC. This is usually a wise decision as statistics show that a lot of small businesses generate losses for the first several years.
Let's change one more fact in example: I give a $100 tip to the waitress, and the waitress is definitely my baby. If I give her the $100 bill at home, it's clearly a nontaxable item idea. Yet if I present her with the $100 at her place of employment, the government says she owes taxes on this task. Why does the venue make a change?
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