Comments on: Taxpayer’s League http://www.robseverson.com/blog/2007/07/24/taxpayers-league/ Fri, 21 Nov 2008 14:02:20 +0000 http://wordpress.org/?v=2.5.1 By: Daniel Robbins http://www.robseverson.com/blog/2007/07/24/taxpayers-league/#comment-6 Daniel Robbins Sun, 05 Aug 2007 18:26:32 +0000 http://www.robseverson.com/blog/?p=7#comment-6 I feel Mike's pain, being a business owner take a lot of personal accountability and demands. Debt has to be repaid, taxes have to paid on payroll whether you are profitable or not. Equipment has to be paid for in cash yet you can't deduct the depreciation for years. If you survive all theses hurdles Minnesota wants more than 8% of the sales price and the feds 15%. If after all these are paid you estate at your passing will be taxed at 55%. It makes being a small business man tough. We pay for a lot of excess padding on both the state and federal level. I feel Mike’s pain, being a business owner take a lot of personal accountability and demands. Debt has to be repaid, taxes have to paid on payroll whether you are profitable or not. Equipment has to be paid for in cash yet you can’t deduct the depreciation for years.

If you survive all theses hurdles Minnesota wants more than 8% of the sales price and the feds 15%. If after all these are paid you estate at your passing will be taxed at 55%. It makes being a small business man tough. We pay for a lot of excess padding on both the state and federal level.

]]> By: Mike Wigley http://www.robseverson.com/blog/2007/07/24/taxpayers-league/#comment-5 Mike Wigley Sat, 04 Aug 2007 05:03:41 +0000 http://www.robseverson.com/blog/?p=7#comment-5 Rob-- What can I say? You asked alot of good questions! Mike Rob– What can I say? You asked alot of good questions! Mike

]]> By: Jim Thomas http://www.robseverson.com/blog/2007/07/24/taxpayers-league/#comment-4 Jim Thomas Wed, 25 Jul 2007 00:51:41 +0000 http://www.robseverson.com/blog/?p=7#comment-4 Rob, Thanks for the Wigley history lesson-a good man! Rob,

Thanks for the Wigley history lesson-a good man!

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