4 ms·
I think that RDL is giving valid and valuable advice. Generally speaking WA and TX has no income tax for personal and businesses, but the gross receipts is alm
by camz 16y ago
I think that RDL is giving valid and valuable advice. Generally speaking WA and TX has no income tax for personal and businesses, but the gross receipts is almost always going to hurt more than the average income tax because of the huge tax base.
For example, if your selling ads and your only making a margin of 30 to 10 percent. The base of your gross receipts is going to include the full amount and not just your cut of the profit.
Texas is known for having some of the worst gross receipts taxes. Michigan GRT and BRT as well as the Ohio CAT are horrible. So beware of those pitfalls.
But, again I think you should definitely head RDLs advice!