Archive of the former Yahoo!Groups mailing list: MOTM
Subject: Taxes!
From: "Paul Schreiber" <synth1@...>
Date: 2002-02-24
Just did 1st pass tax run-through of the biznes for 2001:
Sales - Expenses - salaries = $0.
Spent ~$157,000 on parts, ~$5300 on the PHONE BILL (includes ISDN service and web hosting).
Haven't done postage yet, but guessing about $6,000.
My personal pre-tax salary (what the corp. pays me as an employee) was $39,330. After tax profit
was right at $7.25 an HOUR!!!
So, as you can see this is not exactly a "get rich quick" scheme I'm running here :)
Paul S.
hoping for a refund!