Quote:
Originally Posted by will76
If you made $40 then that is your GROSS PROFIT. If your expenses were $35 then your NET PROFIT was $5.
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Will has since edited his GROSS PROFIT of $7,000,000 into GROSS INCOME which is still wrong!
http://en.wikipedia.org/wiki/Gross_income
Gross income in United States tax law is receipts and gains from all sources
less cost of goods
Following are some of the things that are included in income:
Will seems to think he made $7,000,000 PROFIT and the cost of traffic was a Tax deduction!
