Tax question...

Discussion in 'Taxes and Accounting' started by Carterofmars, Nov 1, 2007.

  1. How does the tax piece work, is it really complicated?

    Questions:

    If your profitable for the year, do you just simply pay tax on what ever your profit is?

    And, what happens if your not profitable?

    Hope these questions aren't to simplistic.

    Thanks in advance.