To: No Socialist
Scratching my head on that. It should be the other way around as large cap companies have more means to lower their effective tax rates. I’m a pass-through sole proprietor and I have to pay both ends of social security. My effective tax rate is substantially higher than most corporations. My only recourse around this is to shelter a lot of gross income in tax-deferred retirement accounts.
14 posted on
09/27/2017 9:15:14 AM PDT by
NohSpinZone
(First thing we do, let's kill all the lawyers)
To: NohSpinZone
>> My only recourse around this is to shelter a lot of
>> gross income in tax-deferred retirement accounts.
Grand, ain't it? But of course, "tax-deferred" ain't the same as "tax exempt" so you'll be paying it eventually anyway.
>>Im a pass-through sole proprietor and I have to pay
>>both ends of social security. My effective tax rate is
>>substantially higher than most corporations.
Yep, as well as Mediscare. I agree with you 100%, it's inherently harmful and punitive to small business owners... the backbone of American commerce. But I guess small business doesn't have (or rather, can't afford) the right lobbyists.
To: NohSpinZone
It is total bullshit, and I feel for you as an entrepreneur. Is the America of the inventors and creators or the America of the Robber Barons?
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson