Why Is Income Tax Good
October 15th, 2008
Question: Why is it that sole trader businesses and partnerships do not pay income tax?
Why is it that sole trader businesses and partnerships do not pay income tax?
Please answer quickly I have an important test coming up lol. And I have other questions to if you would like to answer and help me pass a test lol? Thanks
Answer: Because all the income passes through to the owners, and is taxed on their personal return.
N.C. tax negotiations yield $427 million, end disputes
N.C. tax collectors brought in a Christmas bonus of $427million for the state in December.
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