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Author Topic: Income tax withheld (30%)  (Read 2748 times)

frank1285

  • Former member
Income tax withheld (30%)
« on: March 05, 2010, 06:37:27 PM »
Hey guys,

I am quite new here so I've got a question for you!

What does Income tax withheld (30%) mean?

Income tax withheld (30%)      -247 415 USD

Now I don't have profit.

Could you guys give me the answer?

Thanks for your time!
Frank

Offline JonesyUK

  • Members
  • Posts: 653
Re: Income tax withheld (30%)
« Reply #1 on: March 06, 2010, 06:53:03 PM »
You get taxed once a month. 30% of your profit is deducted  :)

R.uben

  • Former member
Re: Income tax withheld (30%)
« Reply #2 on: March 22, 2010, 08:47:59 AM »
WEll the tax get withheld, if by theend of the year the find out you didn't make profit and you paid too much taxes, you get some back, I one time got 400K back in a small airline because i invested most of the year and by the end of the year didnt make profit but i had paid taxes....

 

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