On Tue, 5 Mar 2019 20:30:00 +1100, "Rod Speed"
wrote:



wrote in message
.. .
On Tue, 5 Mar 2019 13:03:12 +1100, "Rod Speed"


And with a sole trader self employed, THEIR TOTAL
TURNOVER IS THEIR GROSS INCOME, ****wit.

none of the rest of your even sillier **** worth
bothering with, all flushed where it belongs

That just means more SPs would form a type S corporation.
It is actually a pretty trivial thing to do. When I did it the lawyers
charged me a few hundred bucks.

It isnt that easy with the other ones that have a very high gross
income and a much lower income for income tax purposes.

What "Other ones"?
If you think you will have a business or tax reason to form an "S" you
can.