Reply #37: Why wouldn't all business expenses be accounted for before taxes are assessed?

[Hosnon]

Were I a sole proprietorship, I sure as spit wouldn't want to tax the remaining pot of money before my employees' salaries were accounted for.

It seems to me that, regardless of the business structure, the owner of a small business will generally get what is "left over". And what is "left over" is usually what is left over after all business expenses are paid. And $250,000 isn't chump change.

Am I missing something?