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Aug 14 2011

Personal income taxes are more important in industrial countries than in developing countries because?

a) taxes on businesses in industrial countries are difficult to collect.
b) personal taxes are more difficult to collect in agricultural nations.
c) people are more willing to pay income tax in industrial countries.
d) developing countries have no system in operation for collecting income taxes.

This conversation was published at Accounting Services of Charlotte, NC

Aug 04 2011

Combined income and business taxes. Will it drastically affect my FASFA results.?

My parents make around 50K a year and they own a small business. They said that they combine our business and personal taxes. They think there is no way I’ll qualify for any federal aid for college. The business makes over 250K a year if that helps.

This conversation was published at Accounting Services of Charlotte, NC

Jul 31 2011

Are the taxes business pass on to consumers really like a hidden Value Added income Tax?

by admin in Uncategorized with 1 Comment

It is know that all business taxes are ultimatley passed on to the consumer. Wouldn’t that be like a VAT on income tax?

This conversation was published at Accounting Services of Charlotte, NC

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