On Wednesday, March 6, 2019 at 11:05:02 AM UTC-5, Rod Speed wrote:
"trader_4" wrote in message
...
On Tuesday, March 5, 2019 at 8:47:09 PM UTC-5, Rod Speed wrote:
"trader_4" wrote in message
...
On Tuesday, March 5, 2019 at 3:06:48 PM UTC-5, Rod Speed wrote:
wrote in message
...
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"?

Most obvious with stock market speculators/day traders
and property flippers etc.

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

But not if its gambling or speculation.

What? More BS spewing from the hole of ignorance that you've dug?

We'll see...

You're like a black hole, sucking at everything, but spewing out crap
too.
A subchapter S is commonly used for real estate, which can be
speculation.

But fretwell has the the 2% surtax on the corporation GROSS


That's a lie,

We'll see...

he never said anything about corporations when he made the proposal

Yes, but later said that he wanted corporations included.


Again, that's a lie. He only made some vague reference to wanting to
see big corporations who pay no taxes now, pay some kind of tax.
He did not say it was his 2% new tax, which again, he clearly proposed
in the context of individual income taxes. And now, Fretwell is playing
cute, refusing to answer the very simple question I've asked several
times now.



reams of your repetitive **** and lies flushed where they belong

You mean like when you claimed that a Sub S corp can't be used for
speculation? WRONG. They are used all the time for real estate
speculation and day trading.

Or when you claimed that Sub S income means you lose normal income
tax deductions that an individual has? WRONG. Sub S income flows
into an individual return just like small business PROFIT from a
sole proprietorship, salary, or interest income.

Or when you claimed that the IRS doesn't define gross income on an
individual return to include only small business PROFT, not their
revenue? Wrong, as shown by the IRS forms and instructions.

Or when you accepted the BS premise that a new 2% tax should be used
to pay down the deficit? How stupid is that? The deficit is ~$1 tril
a year, in order to pay down the national debt, you'd have to first
eliminate the $1 tril deficit, which a 2% tax isn't going to do.

But heh, keep digging that hole of ignorance ever deeper. And maybe
someday Fretwell will decide to answer the simple question and tell
us what he actually meant. But he's hiding out. The last post he made
seems to suggest that he wasn't sure WTF he meant, it was just some
flapping in the wind.