Yes, indeed! Embedded in all the sale price of all services and goods sold in this nation are the following:
— employer's contribution to social security
- -property taxes ( mostly going to the godless government schools)
— the accounting costs to pay taxes on the employees and profits
— the cost of the time and money to manage all licensing fees and other regulations.
— All the hidden taxes and fees in all the products used in business.
Geeze!...And, people wonder why the price of American goods are not competitive abroad or why companies move manufacturing off-shore? Is a “duh” needed here.
Everyone pays taxes in the U.S. They are hidden taxes that they don't see.
Personally....I am sick of it! It would take a lot to coax me and my husband back into the rat race of running a business and managing employees.
Since you did once run a business there is a question I'd like to ask you. When it comes to FICA, part is paid by the business and part comes out of the employee's paycheck as we all know. Did you consider the 7.65% that you paid for each of your employees an expense to you for doing business? Or a cost to the employee? If the FICA tax had been eliminated, would you have felt obligated to increase employee paychecks by the 7.65% you no longer paid on their behalf? Or would you consider those cost savings as belonging to the business and use them for other things - expansion, additional hiring, paying down debt, etc? Or would you have split the difference and both increased salaries and uses the savings for business purposes?