Daily Quote: "The most important single central fact about a free market is that no exchange takes place unless both parties benefit."
Milton Friedman
Submitted by smarquez on Sat, 04/25/2009 - 11:04am
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Send to friendPrinter-friendly version" it isn’t really the corporation that pays the tax, but instead it is the shareholders, employees and customers who pay them through lower returns, lower wages and higher prices, respectively. "
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I definitely agree with this article. It is us who pay the taxes! Ever since I got laid off, I had to start freelancing when and wherever I could to make enough money to scrape by. Granted, I do have a little more "freedom" in a sense, but I have to work really hard to replace even half of what I made in my previous 9 to 5 job, and the job market isn't making things easy. I write a lot of stuff for various websites, odd jobs for people, temp agency work, whatever I can do to make a little money. But still, I'm paying my taxes and sometimes these taxes aren't visible in public's eyes.
We have a small company operating in California, Texas and New Mexico. In California, we are paying about $3,000 in annual corporate tax. If we were earning all of our income in Texas, the corporate tax would be a fraction of the $3,000. The same corporate tax in Montana is $15; in Georgia it is $35.
My next business goal is to increase growth to the point where I can leave California.