3 ms·

Instead of Hiring Three People, I Sent the IRS $170,000. Government, FTW

1 points by Fjolsvith 11y ago

dragonbonheur 11y ago
Founded several companies, employs more than 20 people, IN TOTAL??? Sorry, he's not the one percent. He's part of the business owners state and federal governments should be supporting instead of allowing bigger corporations and richer people to offshore their companies, hide their assets in tax havens, get tax breaks by intensive lobbying or get tax holidays when they bring their offshore money back. America's in a sorry state when small and medium business owners get brainwashed by politicians into hating the middle class and the poor for wanting social justice. Even "Social Justice" is a condescending term these days...
celticninja 11y ago
If this is a known issue then why doesn't he take steps to combat it. He could refrain from stocking up on inventory prior to the end of a tax period for a start. Sure keep stock on hand but don't get a years worth of stock sitting in warehouse if you are going to get a tax bill because of it. I also feel it is a bit disingenuous, he wasn't overtaxed, he paid the correct amount of tax, however this financial year he will have the sales of the goods that he already paid tax on, so proportionally next years tax bill will be less. Also he says he could have hired 3 qualified employees. How did they get qualified? Well they probably paid through the nose for a college education in the US, but to prepare them for that I imagine they attended a state funded education system first. Its easy to blame IRS/tax but taxation is not the problem and the article even comes close to the actual problem and that is how the government spends tax revenue. And that is something much harder to argue against.
sharemywin 11y ago
Needs to learn the definition of bureaucracy as in hiring bureaucrats aka jobs. Don't get me wrong I see his point about inventory, but arguing I didn't hire more people because the government hired them with my tax money is kind of minimal argument. If your kind of neutral about who hires people.
sharemywin 11y ago
Most people are talking about corporate welfare and capital gains tax when they talk about the "rich don't pay taxes" The funny thing is he forgets that for the first $9,225 he only pays 10% just like the guy that only made that much.
Finnucane 11y ago
He's founded several companies, and he's paying the taxes on them with a personal check? Is he doing that all as a sole proprietor and filing everything on a schedule C? Apparently the one thing he didn't hire was an accountant.

1 points by Fjolsvith 11y ago

Founded several companies, employs more than 20 people, IN TOTAL??? Sorry, he's not the one percent. He's part of the business owners state and federal governments should be supporting instead of allowing bigger corporations and richer people to offshore their companies, hide their assets in tax havens, get tax breaks by intensive lobbying or get tax holidays when they bring their offshore money back. America's in a sorry state when small and medium business owners get brainwashed by politicians into hating the middle class and the poor for wanting social justice. Even "Social Justice" is a condescending term these days...

celticninja 11y ago

If this is a known issue then why doesn't he take steps to combat it. He could refrain from stocking up on inventory prior to the end of a tax period for a start. Sure keep stock on hand but don't get a years worth of stock sitting in warehouse if you are going to get a tax bill because of it. I also feel it is a bit disingenuous, he wasn't overtaxed, he paid the correct amount of tax, however this financial year he will have the sales of the goods that he already paid tax on, so proportionally next years tax bill will be less. Also he says he could have hired 3 qualified employees. How did they get qualified? Well they probably paid through the nose for a college education in the US, but to prepare them for that I imagine they attended a state funded education system first. Its easy to blame IRS/tax but taxation is not the problem and the article even comes close to the actual problem and that is how the government spends tax revenue. And that is something much harder to argue against.

sharemywin 11y ago

Needs to learn the definition of bureaucracy as in hiring bureaucrats aka jobs. Don't get me wrong I see his point about inventory, but arguing I didn't hire more people because the government hired them with my tax money is kind of minimal argument. If your kind of neutral about who hires people.

sharemywin 11y ago

Most people are talking about corporate welfare and capital gains tax when they talk about the "rich don't pay taxes" The funny thing is he forgets that for the first $9,225 he only pays 10% just like the guy that only made that much.

Finnucane 11y ago

He's founded several companies, and he's paying the taxes on them with a personal check? Is he doing that all as a sole proprietor and filing everything on a schedule C? Apparently the one thing he didn't hire was an accountant.