4 ms·
Taxes are the thing holding it back. With Obamacare, if you're in business in California making over $250k/year personally, you'll pay 53% in taxes (38% Federal
by for_i_in_range 13y ago
Taxes are the thing holding it back. With Obamacare, if you're in business in California making over $250k/year personally, you'll pay 53% in taxes (38% Federal, 12% State, 3% Obama).
If you're a small business owner that owns 100%, you really own 47%. You're a minority shareholder in your own company.