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To: Libloather

A tax increase on small businesses is especially damaging in several ways. I had a small business, as small as can be, the only employee was me, a company of one. The taxes I paid were obscene, and I had to pay all of the Social Security, twice as much as a company employee. And, because I was the president, I was unable to collect unemployment even though I had to pay into it. Small businesses struggle to make a profit with the rising costs of everything, have to let some employees go, which means everyone left has to work harder. Our government only caters to big business where payoffs, kickbacks, favors, etc. are available.


8 posted on 04/15/2024 3:10:28 AM PDT by Omnivore-Dan
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To: Omnivore-Dan
I had to pay all of the Social Security, twice as much as a company employee.

This is one of the big lies of the Federal Government. The employee always pays *all* of Social Security.

Consider the situation where the employer puts on a table all the money he has to compensate the employee for the value the employee has added to the company. He pulls back one dollar out of every eight and puts that in a separate pile.

One half of that pile is sent it to the Federal Government labeled "Employee contribution to Social Security" and the other half of that pile is sent in to the Federal Government labeled "Employer contribution to employee's Social Security." But it was all potentially available for compensation to the employee and none of it ever went to the employee.


20 posted on 04/15/2024 4:26:53 AM PDT by Phlyer
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