Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Dead Corpse

If you can read which is doubtful you will see that Cruz’s tax plan calls for business’s to be taxed on “Gross receipts” Gross receipts is the total revenue your business takes in. Not profits.

So then you get to deduct out most business expenses but you have to pay a 16% tax on profits as well as wages. Wages are not money that go to the owner it goes to the employees. So now the business owner is paying 16% on wages and then the owner and the employees get to pay another 10% later on those wages when they file their individual tax returns. Cruz is abolishing the payroll tax and then making the business owner start paying the equivalent of a payroll tax. How hard is that for you to understand?


202 posted on 02/09/2016 10:34:32 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
[ Post Reply | Private Reply | To 192 | View Replies ]


To: Georgia Girl 2; Dead Corpse

.
Dead Corpse reads just fine.

You on the other hand seem to be on common core.

Your lies are insane.


205 posted on 02/09/2016 10:54:15 AM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
[ Post Reply | Private Reply | To 202 | View Replies ]

To: Georgia Girl 2
From Ted's webpage, it's calculated minus wages.

So, enough with the lies...

211 posted on 02/09/2016 4:17:52 PM PST by Dead Corpse (A Psalm in napalm...)
[ Post Reply | Private Reply | To 202 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson