When
it comes to being taxed, the typical small business man or woman is
taxed by liberal politicians who accuse them of being “greedy,”
should they not pay their “fair share” of taxes when they have
been so fortunate to be in their own business.
Some facts of life:
1) Many small businesses are constantly on the edge of going broke; a large percentage does go under each year.
2) Most small businesses, by far, do not provide sufficient return on the capital invested. For every $100,000 of capital placed at business risk, the owner ought to get at least $10,000 a year for the risk involved. This is hardly ever the case in small business.
3) Above the return on risk capital, the business man should get paid for time on the job, often ten or more hours a day. This translates into very little, well below the minimum wage for most entrepreneur's.
Some facts of life:
1) Many small businesses are constantly on the edge of going broke; a large percentage does go under each year.
2) Most small businesses, by far, do not provide sufficient return on the capital invested. For every $100,000 of capital placed at business risk, the owner ought to get at least $10,000 a year for the risk involved. This is hardly ever the case in small business.
3) Above the return on risk capital, the business man should get paid for time on the job, often ten or more hours a day. This translates into very little, well below the minimum wage for most entrepreneur's.
Those who buy a small business by borrowing have to repay the loans
with after-tax dollars. I find that in most instances this is done
only by taking away from honest returns on personal investment in the
business and sweat running the business. (See the Earl J. Weinreb
NewsHole® comments.)
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