Dynasty,
This was an excellent read, thank-you for posting it.
I am being taxed to death and the government thinks I don’t pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my “stimulus” check was? Zero. Nada. Zilch.
This is why I firmly believe the income tax (for both businesses and individuals) needs to be abolished. In it's place needs to be a national sales tax. Everyone would be pleasantly surprised how that would not only stimulate the economy, but probably balance the budget as well. It would create more jobs, a larger tax base, and everyone would have more money in their pocket books.
Then, I will close this company down, move to another country, and retire. You see, I’m done. I’m done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.
I honestly cannot blame a business owner for packing up and moving his/her business overseas. High costs and expenses forced a lot of companies to outsource or completely move jobs overseas, and higher taxes will eventually force the rest of the company to move too. Why rent an apartment for $1000.00 per month when you can rent the identical apartment for half that amount across the street?
So, if you lose your job, it won’t be at the hands of the economy; it will be at the hands of a political hurricane that swept through this
country, steamrolled the constitution, and will have changed its landscape forever.
Capitalism works best when it is left alone with no outside influences trying to engineer it.