M 66 & 67 Fall Out: How Do We Pay Taxes When We Didn’t Make Any Money?

January 29, 2010

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From a 5th Listener:
The company I work for had $11 million in sales last year and $7,000 profit after taxes. Now we are on the hook for an additional $8,000 in taxes, giving us red ink. Creditors don’t really like companies that don’t turn a profit.

Tell ’em where you saw it. Http://www.victoriataft.com