If you have a flat tax on income; with no consideration of what it costs to generate that income; many self employed or small businesses will be paying more in taxes than they "cleared". If you start allowing deductions or exemptions; how is it any better than what we have now??????? There are many businesses that "handle" lots of money; but; get to keep very little. For instance(and from experience); a truck owner / operator may generate over $200,000 in income; but; after fuel, insurance, truck payments and operating costs; the "net" take home income may be as little as $30-50,000. He worked all year to make 10-30,000 after flat tax. If he had a bad year with some major breakdowns and repairs; he pays more in tax than made.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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