Sunday, April 24, 2011

if obama wins, does a self employed businessman have to provide health insurance?

i own a small restaurant, the gross sales is around $300,000. per year, after my cpa goes through my tax return, i end up with about 100,000 in net sales. will i have to provide health insurance to my workers under the obama plan?
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in net profit before taxes? net sales means gross sales minus returns from bad food or similar YOU should be providing this heath insurance now regardless; it is tax deductible; now you are netting x with the insurance you will show a smaller net. Isn't that good for tax purposes?
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