Do you have to pay income tax if you're an Air Guitar shop owner?

Question

Do you have to pay income tax if you're an Air Guitar shop owner?

Answer 1

Certainly!

Answer 2

Only if you are a very talented one.  But even then you can write it off as an energy credit.

Answer 3

Monster question, no i don't think so but defiantly V.A.Tonic

Answer 4

Yes, you have to fill out a form 1040Air and send it to the I-Air-S.

Answer 5

will you have any income? if so then yes!!!

Answer 6

Absolutely, but only on the Oxygen, there is a complimentary tax credit for hydrogen.

Answer 7

Under the current regulations you are exempt unless you sell hot air models. However, Mr Brown and Mr Darling realise that Air Guitars, being difficult to classify have been in the 'Pending Classification' class for some years now. This will change after the next Budget when it is intended to levy a tax of £47.75 per cubic metre of Air in each guitar inclusive of case. There may be an additional 12% of Retail price 'Measuring' Tax applied also but that has not yet been formalised.

Music industry sources say that these measures could price the Fender Stratopheric right out of the market.

Answer 8

Air Guitar outlets are exempt from government taxation. But after the quality of the last air guitar you sold me, I won't be coming back. The finish on it is utterly terrible.

Sorry, but your shop could definitely do with improvement.

Answer 9

Not if the shop is built entirely from air bricks!!

Answer 10

i am guessing no because even if there was such a thing, u would make no income at all, in fact you would lose money in setting up the shop so u wouldnt have to pay tax on income because ... well .. there isnt any