Taxing the rich - what is the cutoff?

[saden1]

Originally Posted by firstdown

Not to keep this going but where you say you do not feel burdened by the taxes you pay I do with a family of four. I'm self employed so each month I have to wright a big check to the Fed. and one to the state. Then at the end of the year they say my business grew but I did not take home any more pay and have to pay taxes on this so called growth. I think eveyone should have to pay their own taxes as it would cause allot more people to start thinking about whats happening to all their money. Heck, ask a person what they pay in fed and state taxes and most have no clue at all just what they bring home.

I don't understand...if you're not growing you shouldn't be paying taxes on anything beyond your taxable revenue. If inflation and rising costs is taking it's toll on you then I feel you but understand that you're not the only one hurting in that regard.

As for small business operation, why are you filing your taxes every? Unless your revenue is extensive shouldn't you be filing quarterly or annually? Anywho, my parents own a small business. They have 10 or so employees and they let ADP handle their payroll taxes and a CPA do their taxes quarterly. I've heard them complaining about business being slow these days because people are cutting back on their spending and that's about it. I'm sure they wouldn't mind paying less taxes but they're not hurting because of taxes. I'm sure your situation is different but I don't know by how much.