My boss told me something that blew me away.

Discussion in 'Economics & Trade' started by BarleyPopGuy, Jan 9, 2019.

  1. BarleyPopGuy

    BarleyPopGuy Banned

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    I work for a Mom and Pop company and we do air conditioning and generator, install, service and repair. I was told (by the owner) and I don't doubt it, that all of the governments combined (federal, state, county and city) make more money than our company.
    We have 4 trucks rolling on the generator service side and 5 on the AC side. The taxes we pay are more than the profit we take in. Our government(s) are out of control.
     
  2. kazenatsu

    kazenatsu Well-Known Member Donor

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    Maybe that includes taxes withheld from employee wages.

    Do total taxes really exceed 50% of the company's end profits?

    I could definitely see this happening in California or New York.
    What state is the company in?
     
    Last edited: Jan 9, 2019
  3. kazenatsu

    kazenatsu Well-Known Member Donor

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    I know in Sweden about 1 out of every 2 members of the workforce population work for government in some capacity.
     
    Last edited: Jan 9, 2019
  4. HonestJoe

    HonestJoe Well-Known Member Past Donor

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    You statement is too non-specific to really mean anything. You'd need to clarify exactly which figures he was comparing. I could see to total value of every tax and fee a company pays being more than their net profit after all expenses are taken in to account but that in itself doesn't necessarily mean the taxes are too high or unfair (after all, a lot of small companies operate at a net loss, especially in their early days).
     
    Last edited: Jan 10, 2019
  5. fmw

    fmw Well-Known Member

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    It is true of most small businesses. Certainly true of mine.
     
  6. Well Bonded

    Well Bonded Well-Known Member Donor

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    Very true.

    Small to medium business's (pass through's) bear the greatest tax burden of all business'
     
    Idahojunebug77 likes this.

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