If I run a small business and gross 300,000 a year with 5 employees and a 5% margin, how many years will it be before I will have to close my business?
I forgot to mention that I am self employed so the 300 k sets my tax base.
loco scorp
Favorite Answer
You better last a long time, a lot of people depend on your hard earned taxes. Hey you got an education, you work hard 40+ hours a week, you need to spread the wealth. There are welfare recipients out there depending on you. Please don't go out to business.
Anonymous
Why wait. Sell your business now and stash all the cash. Then Under Obama you will be handed bunches of money. Welfare, free health care, free college etc... In fact the guy who bought your business will be glad to pay extra taxes so you can sit home and enjoy your life.
Sarah
You will pay less than 12 dollars more than what you are paying now in taxes. Further, you will be offered incentives for new employees AND you will have the option--with no penalty either way--to give your employees access to healthcare at 50% of the cost.
Louis666KWu
If you gross $300,000 a year, you will prosper because your taxes will be lower. The higher taxes only come when you NET over $250,000 a year. By time your business builds up to that, we'll be in another electon cycle.
Anonymous
It depends. Are you in the business of printing McCain/Palin bumper stickers?
Is your business better off than it was 8 years ago?