Quote:
Originally Posted by slapass
As Bill Gates said he is past worrying about the toilet paper bill. You have the money to support a decent lifestyle and these extra taxes probably will not even be noticed on the day to day level. Take 4% out of someones paycheck who is making 30k a year and they will notice it. Worse the economy will notice it as they typically spend 100% of their income and now they will have less income.
Is it fair the rich pay more? I doubt it but it does make for a better society according to history.
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On a day to day level,you are right. However, the state is not willing to let me pay this on a day to day level. The best they will do is let us split it into two pieces. Dec 31st and June 31st. So today I get to write a 6 figure check and mail it out. Keep in mind,this is just property tax. Income tax for the fiscal year is another issue. I have a 4 page report from the accountants to digest before I can comment on that.
I suppose I should feel some joy in that this
additional amount is going to be spent wisely by the government and that people in the less fortunate category will benefit.
I also mentioned big changes in section 179. Don't ignore that. These are significant and will directly impact how small companies do business in the near term. And I already know that it won't be good for the economy. We have until the end of 2014 to invest as much as possible in new equipment. And then it ends. 2015 is going to be interesting, and not in a good way.