On 06/24/2011 10:15 AM, Jim Thompson wrote:
The real deal....

http://www.cnsnews.com/news/article/...ness-must-rise

We be ****ed :-(

If your 'we' is everyone who's form 1040 has more than $250,000 on the
"taxable income" line, then you (a) have no clue what real financial
pain is, and (b) are in a significant minority.

If your business makes so much excess money that you can't keep your
taxable income below $250,000, then you aren't plowing enough money back
into it, or you have an incompetent accountant, or you're gaining that
money through the advantages of doing business in the US -- and those
advantages are paid by tax dollars, so why shouldn't you be funding the
programs that help you make so much?

And if your business is making that much money, then keeping it an S
corp is just plain laziness -- you should convert it to a C corp and
quit your bitching.

If you _really_ want to live someplace that has low taxes and small
government, then instead of turning the US into Somalia, I suggest you
just move to Somalia now, and see how you like it.

--

Tim Wescott
Wescott Design Services
http://www.wescottdesign.com

Do you need to implement control loops in software?
"Applied Control Theory for Embedded Systems" was written for you.
See details at http://www.wescottdesign.com/actfes/actfes.html