lterango Wrote:
Aug 08, 2012 7:20 AM
As a former Commercial Owner/Operator that would generate approx. $120,000 a year. I know from experience, that "rent or mortgage payments, insurance, salaries, benefits, unemployment and workers compensation payments" are all deductible and and reduce you taxable income by that amount. The example presented, of a Company that Grosses $250,000.00 does not come close to the $250,000.00 taxable income to be taxed at a higher rate. Please use a more plausible theoretical example that would speak to the truth and not for Grover Norquist!