Reply to thread

Message: <blockquote data-quote="Kenny Coyote" data-source="post: 201358" data-attributes="member: 102">Thanks Steve!I think those types of taxes are downright criminal! The tax should be based on what profit Bobby is making off the ranch - not what the IRS thinks it's worth. Just think of what income taxes would look like if the IRS applied the same mentality. They tell you your yearly income tax is one million dollars. You tell them, how can that be when I only made $500,000??? They reply: "We looked at the value of your company's assets and we believe you should have profited far more than you did, so based in what we think your income should have been, your tax is one million dollars. You're not efficiently utilizing your assets - that's your problem!"</blockquote>