View Single Post
Old 08-22-2020, 12:25pm   #32
simpleman68
Barn Stall Owner #17
Barn Raising II

NCM Supporter '12,'14,'15,'16,'17,'19
Bantayan Kids '13,'14,'15,'17
GTMS ‘18
Points: 42,069, Level: 100
Activity: 7.9%
 
simpleman68's Avatar
 
Join Date: Jun 2011
Location: PA/FL
Posts: 16,376
Thanks: 3,719
Thanked 8,104 Times in 4,238 Posts
Gameroom Barn Bucks: $10510030
Default

Threads like these are complicated and multi-faceted because of the variety of employment, taxable gross income, federal vs state taxation.

You've got corporations that have gotten away with insane tax breaks (IMO) and the 90%+ of companies in the US (all "small" businesses) are almost crippled at many tax levels.

Then, we've got a substantial number of people that get a lot of subsidies and would rather sit on a porch drinking beer in the afternoon....

I certainly don't claim to have the answers but I'll tell you it's difficult being self employed and what it costs to keep my employees.
I'm not large enough for health care bennies so I just write a check if I get sick.
Very healthy family of 6 and our annual cost would be ~$20k and THAT is for the "privilege" of a $12k per person deductible.

The big benefit is that I do get to write off a lot of my costs and that is a life saver.
Scott
__________________
Vette-less but not without toys
simpleman68 is offline   Reply With Quote
The Following User Says Thank You to simpleman68 For This Useful Post: