17 July 2012

Building

No business owner built their business without the massive help of the government?

I guess those taxes the business owner paid were nothing then?

One of the first datums about being taxed when you start a business is your tax bill is a great deal larger than it was as an employee.  That's because being self employed you're paying all the employer matching fees in addition to the stuff that was normally deducted.

The second datum is once you become successful enough to hire someone to help; your new-hire costs a lot more than their salary and a lot of that cost is taxes.

Another early datum is all the licenses, permits and fees that are attached to a legitimate business.

Who's helping whom here?

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