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by Smallbiz on May 30th, 2008

Smallbiz

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I have a small business. When i make a profit, I pay federal income taxes on the money. Then, instead of paying myself the profit, I buy more inventory. So why do I have to pay taxes again on the sale of the inventory if it is sold at my original cost?

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  • by Someguy on May 30th, 2008

    Someguy

    I get it smallbiz. You're not alone.

    www.fairtax.org

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You're reading I have a small business. When i make a profit, I pay federal income taxes on the money. Then, instead of paying myself the profit, I buy more inventory. So why do I have to pay taxes again on the sale of the inventory if it is sold at my original cost?

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