"economic illiterates"?July 12 2011 at 10:28 AM
|Nat (Login Nafana)|
Response to Taxes
I'm not such a "economic illeterate" Brandon. Years ago I was involved in running a business- and I did the bookkeeping and taxes for a time- and I know that the owner of a business only pays tax on NET INCOME AFTER all business expenses are deducted. And you know what? Employee salaries are a deductible business expense- which employers DO NOT PAY TAXES ON! which is why all this right-wing rhetoric about taxes hurting employment is bullshit.
And as for the rich keeping their money in "tax sheltered investments"- best reason I know to do away with such things and get that money back into the economy spreading the wealth around.
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