[DGD] Commercial question
Shentino
shentino at gmail.com
Thu Mar 30 22:01:01 CEST 2006
And to answer dworkin about the subtleties of english:
Disclaimer: I got a 2.2 in English Composition, and I'm probably no
better of an english major than I am a lawyer:
Here in the US, what's important is not whether the money is received
or not, but whether or not you are going for profit. We usually
reserve "income" to refer to receipts - expenditures in a "for profit"
enterprise.
If you're for profit, then you usually have to deal with corporate red
tape, pay all sorts of royalties and licensing fees, and you also have
to pay federal income taxes on whatever you earn, and it would be
considered a commercial venture.
If you're not for profit, you have less of a corporate headache and
the feds don't tax what you receive.
This is my best guess as to what you mean by "income", but you should
probably confer with a US lawyer, or read a US dictionary, or maybe
both. Unless we have a language professor on this list, either one of
those would probably stand a better chance of explaining what our
various words mean.
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