The Evil Corporation

Do you really have the right to think what you are saying? What gives you the ability to have the right to say how much money a business owner gets? Have you EVER own your own company? I have!!!! I was taxed out of my company. Let me list the fees:
2 Professional licenses
1. State
2. National
3 Occupational licenses
1. County
2. State
3. City
4 Taxes files per year
1 Unemployment tax
Workmen’s comp.
County tax

TEN!!!!!!!!!!!!!!!!!!!! TEN taxes that I had to pay just to file my own corporation. But it does not end there. I was told to get ready to be forced to pay for health care for my employees. I was the only employee and I could not afford health care for myself and I was paying two taxes (unemployment and workmen’s comp) that I could not collect. If that was not enough, I had to open an IRA account. (The option was pay 4k to the gov or pay 4K to my retirement)
The IRA account----ELEVEN!!!!!!!!!!! ELEVEN different accounts, taxes, ect, I DON’T KNOW WHAT TO CALL OF THIS STUFF!!!!!

BUT…..I also needed to pay someone more then $700.00 per year to keep track of all of this because I was not qualified to deal with taxes, I am a massage therapist, what do I know?

At the end of the year, I made no money. It was a joke to open my own corporation. I talked to the accountant and said I was not ………… OMG! I forgot…… social security, FICA, Medicare, federal tax. FIFTEEN!!!!!!!!! I also forgot that I had to pay someone to pay attention to the IRA. SIXTEEN!!!!!!!!!!!!!!!!! Sixteen different fees and professionals that I needed to pay.

I tried to get out of it by closing the corporation, but the accountant showed me the facts. If I closed my corporation, 15% was going right to social security, without the ability to write it off. At the end of it all, with 24,000.00 that I made that year, 12000.00 was going to the government [hum....50%]. That does not include sales tax, sin tax, gas tax, mandatory classes, student loans, and supplies.

Who is the evil corporation? It is me, the poor fat white girl, it is the local fruit-stand owner, the clothing shop owner, it is the dreamer who woke up and said, “Yes I can!” It is the face of the person walking door to door trying to sell make-up and trying to sell knifes. The evil corporation is made up of people with ambition. A few of us make it big. Just like a few football players make it big. But there are more poor business owners that don’t bring home a paycheck but barrow money from their parents to pay their employee’s salary. We are the evil corporation that you want to raise taxes on. We are the people that break our backs by working hard and paying our taxes and hire employees. Then we give the employees benefits that we cannot afford, such as paid vacations. So, before you talk about the evil corporation, think about the 98% of the people that will suffer and go out of business, just like I did.