Quote:
Originally Posted by raymor
What she's implying but knows better than to actually say is that business owners such as you and I should hand over more than 60% of our income to Obama and the government.
The total amount of money earned in the country is $14 trillion. The state and local governments take $2.8 trillion of that and spend it for you. Obama proposes that he should take and spend $6.2 trillion. That leaves just 35% to the people who earn it.
For a $30 sale, the government already takes $19 through income tax, gas tax, etc., leaving you $11 of the $30. She's implying that the $11 you keep is too much.
How much does she think you should have to support yourself and your family? $5 of each $30 subscription?
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The Gov takes $19 of $30, so 63.3%? I've never paid the full corp tax rate, let alone double it, and I've never paid on gross either...
You may want to fire your CPA....