Why Do I Do This?

The reason I do this, in answer to my last post, is that I love to work! Hopefully, I will be able to keep working, producing and paying taxes. Those options are becoming more difficult to do, year by year. One very successful, hard working person I work with tells me his unadjusted taxes are now over 60%! How can that be? Federal and state income taxes, self employment tax, property tax, business taxes and licenses, auto licenses, personal property tax and some others, total over 60%. He is hopeful he will be able to find some deductions to reduce that some, but he is in a commission income business, so the deductions are minimal. His solution - to slow down his production for this year. It makes no sense to him to keep charging and give it all away. He says he will buy nothing and work and earn less, as a choice. I am looking to do the same thing. Small business is no longer willing to do it all and pay it all. This is not an isolated instance. Unless something begins to change and that means less taxes and less government interference, many of us are going to slow down or quit all together. Small business drives this country and that is fact. The Stimulus Tragedy goes into all this.