Hey Brian,
Great topic for a forum. I read all of the posts so far, and they are all right on. Unfortunatley it is not a matter of how but, when the taxes will be charged to online businesses. Especially with the political climate warming up to the 2008 election. It is just a fact that politicians will tax, period.
Change in online business will be daily, no doubt about that. Entertainment will be big along with other services. Advertising will never cease to be a bread winner.
I have shifted my primary business to worldwide travel, which is in hypergowth on the net now, and will continue to be in the future. The market is huge. Travel is a service and a universal service to all. Everybody travels, and it being a service rather than a product is attractive to me as a business owner.
For those whom have substantial online businesses, probably best to incorporate to get protected from taxation. As you put it, most of us are paying taxes 2 and 3 times.
|