Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (66) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: JLC Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121182  
Subject: Re: Tax Deferred Annuity right for me? Date: 4/28/2013 4:33 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
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.

JLC
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (66) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Apple

Apple and Ninety Years Ago
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement