To: bestintxas
Yes a 10% tax on gross income.
So if you make $100K and spend $120K to do so, you still pay $10K in taxes.
Stupid.
13 posted on
01/12/2015 6:19:45 AM PST by
Attention Surplus Disorder
(At no time was the Obama administration aware of what the Obama administration was doing)
To: Attention Surplus Disorder
You do not understand what income is.
18 posted on
01/12/2015 6:22:50 AM PST by
Vermont Lt
(Ebola: Death is a lagging indicator.)
To: Attention Surplus Disorder
So if you make $100K and spend $120K to do so, you still pay $10K in taxes.
Having ran my own business, I can say that this happens more often than NOT - especially for job start-ups! My first three years, I was in the RED! I spent most of my third year paying back loans, which got me through my first two years. With this plan, I would have been in the red for at least four years, if not FIVE!
I understand, the "no exceptions" as a theory, but in reality, this would be a JOBS and INITIATIVE KILLER!!!
20 posted on
01/12/2015 6:30:02 AM PST by
ExTxMarine
(PRAYER: It's the only HOPE for real CHANGE in America!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson