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Greedy and jaded. I really dont know how to respond to that. At least not in a manner that would be permitted on this forum.
Since when is 250k low for a profit on a small business. You think all small business clear a million bucks a year. To simplify this for you, you pay taxes on your profit, not on the revenue the business takes in. Do I need to also explain profit to you. Profit is what you make after all expenses/ cost of doing business, or as the liberals would like to call it, deductions, are substracted from your balance sheet.
As for the seperate books, yada, yada, yada, Stupid question and no answer deserved. Bottom line as a Chaper S corporation, My wife and I where still the listed owners of the company and all profits belonged to us and it is still our responsibility to pay the taxes owed. Now those taxes would have been paid thru the corporate account, but it still came out of our pockets.
Now your reference to cutting staff and the cost of insurance and makeing more money is rediculous to say the least. The goal is to grow a company in order to make more money. Not cut the staff so you cant do more work. And if you think that paultry 3% in extra taxes is going to pay the healthcare if the money is sent to the government to swindle and waste, you really need to rethink what you are proposeing. That 3% would be put to much better use in growing a business, hireing more workers and letting them get off of the welfare rolls. Let them become taxpayers, the government will still get their money, but it will be from the additional taxpayers added to the tax base, and not all from the few taxpayers that still have jobs.
Let me explain how a company not paying corporate taxes will not reslut in a lost of tax dollars to the feds. Lets just use $40k for a dollar wage. Now suppose I save $40g by not having to pay a coporate income tax. Wow, Now I am greedy, I just got to keep $40 g of my hard earned money. Now instead of sticking that money away in a jar in my back yard, I decide that if I hire another employee, I could increase production of my widgets and make more money. I take that $40g and hire another worker. This worker has been laid off for many months, was recieving food stamps, rent assitance, and medicare health benefits. Now he has a job, and isnt eligable for all the free handouts. Hes makeing $40g a year and can pay for his food electricty, rent and has health insurance thru a company health plan. Gosh, that alone has already saved the Federal Gov. a ton of money. I would guestimate at least $1200 a month or $14gs a year. This new worker, is also Paying income taxes on his newfound wealth, he had a little pocket money to spend on a new car, remodeling his house, ect, etc. He is in effect actually hireing or creating more jobs that can take even more poeple off of public assitance. Saving the gov even more. Reduceing the burden on medicare, paying into social security, driving this economy forward. Nah, it has to be better to let the federal government have the $40g and redistribute it as they see fit. We all know the government can be trusted to not waste our money on trips to India, playing golf, or a basketball court on the back lawn of the White House.
Unfortunately there is no empirical evidence to support this mythos. It's a Randian fallacy that the wealthy will act in a socially responsible manner or even with enlightened self-interest. They act with just plain old self-interest. Like the rest of us.
Yes true , their self-interest is to make their company grow bigger ,which in turn means more employees to produce more goods. If you every see how they all want their company to grow ,grow ,and grow. Guess what the more profit they make ,more taxes they pay....WITHOUT INCREASE more tax on them.
