i think im getting bent over...tax question

[tom_vito]

@wrayzor

when you own your own business dont you have to pay taxes like twice, so to speak. I remember learning in a highschool accounting class that business’s have to pay just as much taxes as you do on top of what you pay. And if you own your own business you have to pick up the tab for both of those since you are the employee and the owner at the same time???

speaking as someone who has had their own bussines, I dont recall paying the same tax twice. I thought under US law it was illegal to double tax the same money…