Okay, metals taxable, got it. What isn't? Milk, eggs, computer junk, what!?!?
Theoretically, you are "supposed to" report any income, regardless of the type. Theoretically...
Business license $100? I though it was in the range of a new car.
No business licenses in NH. You can pay $50 if you want to register a trade name with the State, which can help you avoid getting sued if someone else comes up with the same name, and decides to fight you about using it (you can prove that you used it first, as far as the State is concerned).
If you don't care about that, you can literally just announce that you are in business. You don't need anyone's permission.
About the IRS thing, do business owners pay more income tax than standard people, and should I consider going "insurrection"
?
Small-business owners do pay more, percentage-wise. We also have more deductions available. For example, what percentage of your house do you use for business-related purposes (everything from office space, to the space taken up by your shelves of technical manuals, to the space you use for storing equipment)? Do you have coffee or snacks available for customers? Do you have a sign on your car, advertising your business (then every mile you drive is business-related, as advertising)? If you have a good tax accountant, you can end up paying nothing at all.
NH does have a business income tax on any profits exceeding $50k, but again, with the deductions available you can typically file and still pay nothing. Paying no income taxes and also not going to jail is a good combination, in my book.
Joe