Monday, October 27, 2008

Your Tax Money

Consider the following:


If you earn more than $250k per year of personal income your taxes will go up.


If you own a business that generates more than $250k per year in revenue your business taxes will go up.


If your investments earn more than $250k per year your taxes go up.


If you earn less than $250k you will receive a check or tax rebate for $500-$2000 worth of taxpayer money.



Hers a scenario:


As a business owner of a company that generates more than $250k in revenue it is not unreasonable to expect that you take about 10% of that as personal income. If you take more, fine. If you take less, fine. Lets just work with 10% for the purpose of easy math. This means you are taking home $25k a year. The rest of the company’s revenues assumedly are being put back into the company to meet recurring COS and discretionary investments. This likely means that you have a great deal of money tied up in market, which we all know, hasn't been performing up to par. If your business taxes go up your company takes a hit, which means your personal income takes a hit. After this your market investment returns will take a hit with the capital gains tax increase. Heaven forbid you should have anyone on staff earning more than $250K per year for the sake of your payroll accounts. Across the board you are looking at an average tax increase of 15%.


With the market playing the dying dame in a cheesy 1930's suspense film can you really operate with 15% less than you have now?

Those of you who have worked hard at saving and being responsible with your family’s money will find out very soon.

Those of you who have been under hard times for “reason beyond your control” will be getting some much desired entitlement funding from your government.

Those of you who find yourselves in situations where a clear advantage was capitalized upon via a predatory business practice will find no place else to turn other than your government as the necessary competitive environment of the business world has been nationalized as of October 2008.

Those of you who find yourselves with the next great financial idea that will stabilize economic volatility to within a specific and predictable algorithm will find that your ideas will need to pass excruciating government scrutiny in order to be heard.

Those of you who have been “in bed” with your government in the interest of serving the greater good of yourself or your represented company will indeed find yourselves in prime position to take over various parts of American life that generate revenue.

Oh wait a minute? That’s already happened.

Well, what does it matter anyway, right? It's worth it to say you were on the side of the history makers when history was made.
Isn’t it? @*%#*(

Thanks for reading.


Peace and Love,

Michael

No comments:

Post a Comment