The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Tax Deferred Annuity right for me?||Date: 4/28/2013 4:33 PM|
|Author: JLC||Number: 118537 of 124931|
I wouldn't tax business at all. It's the final customer that pays the bulk of this bill, anyway, in the form of higher prices.
Acknowledging that you weren't the one who raised the issue of fairness, how is it fair that the wage slave pays x% and the self-employed shopkeeper pays bupkes?
You could take one of two attitudes.
One, the self-employed paying bupkis is the benefit of taking the risk of starting, running, and keeping a business.
Two, if you do away with business "tax write offs" (similar to personal tax write offs) like depreciation, charitable donations, health insurance, cars for the CEO, etc., whatever, sooner or later the self-employed will have to pay himself. Now whether he does it like Warren Buffet and hardly takes anything or if they actually pay themselves what they are worth, it is up to the business owner.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|