March 23rd, 2009
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Do the math
Want to see how backwards our financial system is right now? Situation A: Self-Employed, Corporation Type S (business profits and loss are reported on personal tax return) 2006 Gross Income: 100,000 2006 S-Corp Income: -10,000 2006 adjusted gross income: 90,000 2007 Gross Income: 100,000 2007 S-Corp Income: -10,000 2007 Adjusted Gross Income: 90,000 FACT: Personal [...]