If i were to buy a company for 10 million financed with loans, then over time pay off the loans, and then sell the company for 10 million, do I pay taxes for the business considering it was sold for the same as purchase amount? What if i sold it for 20 million? Will only the last 10 be taxed?
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28. December 2009 at 10:57 am
In the United States of America, we the citizens are taxed when we purchase something. Then we are taxed by our sorry government as long as we own whatever it is that we have purchased. Then we are taxed when we sell it . . . THAT is one of the main reasons that we need another simple American Revolution and then we can save our country for future generations. Because I don’t mind telling you . . . After they experience an American Revolution then our worthless government of today will DEFINITELY cut that stupid stuff of overtaxing out!!
28. December 2009 at 10:57 am
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