Originally Posted by FurFlyin
Originally Posted by duxlayer
I hope I have to pay a million dollars next year bc that means I’m making bank 🏦


It does mean you're making a lot of money in the year of 2020. It does not take into account that your largest customers are net 30 and some of them are net, whenever they get around to it. You can get in a situation where what you made on paper, looks very different than what your bank account looks like, and you still have to pay the man.


Maybe I am not understanding how it works, but don't you pay income tax based on the net profit/loss not the total amount billed?

If you live to be a hundred, I want to live to be a hundred minus one day, so I never have to live without you.---Winnie the Pooh