kmcrawfo
04-03-2011, 12:54 PM
Approaching that time of year it makes me sick how much I dole out to uncles Sam, state, and local government.
It goes way beyond income tax. I am talking sales, employment, SS, medicare, use tax, etc. The amount a business owner pays in taxes is insane.
For example, I just approved the payment for a phone bill for one of my offices:
Total New Charges - $100.00
Phone Service - State and Local Taxes 7.6% $7.63
Phone Service - Other State/Federal Regulatory Surcharges, and Fees 5.5% $5.49
Phone Service - Federal Regulatory Surcharges and Fees 9.1% $9.05
Total Taxes - $22.17
Total Due - $122.17
Are you kidding me!!! 22% taxes on my phone bill. And... This is on everything from supplies, to internet, etc, etc...
We are way over taxed... My goodness.
It goes way beyond income tax. I am talking sales, employment, SS, medicare, use tax, etc. The amount a business owner pays in taxes is insane.
For example, I just approved the payment for a phone bill for one of my offices:
Total New Charges - $100.00
Phone Service - State and Local Taxes 7.6% $7.63
Phone Service - Other State/Federal Regulatory Surcharges, and Fees 5.5% $5.49
Phone Service - Federal Regulatory Surcharges and Fees 9.1% $9.05
Total Taxes - $22.17
Total Due - $122.17
Are you kidding me!!! 22% taxes on my phone bill. And... This is on everything from supplies, to internet, etc, etc...
We are way over taxed... My goodness.