Quote:
Originally Posted by Worried
I totally phrased the question wrong, I didn't mean how much do you pay in taxes (which I'm sure people can construe by reading the topic), I meant what percentage of your business income are expenses for tax purposes, such as monies spent on advertising, hosting, etc...
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We must be equally retarded because I took it that way. One thing you have to look out for is that not all tax deductible expenses are 100% deductible. I needed this pc for my biz, it doest mean I can write off the whole $6k jsut because I have a receipt that says $6k. I forget what percentage is applicable on such equipment. I know advertising is 100% write off. My business, the one I make money at anyway, is not on the internet. I might have 1 mil come in the door but 900k out the door in expenses. That would be 10% to answer your question.