If you have a flat tax on income; with no consideration of what it costs to generate that income; many self employed or small businesses will be paying more in taxes than they "cleared". If you start allowing deductions or exemptions; how is it any better than what we have now??????? There are many businesses that "handle" lots of money; but; get to keep very little. For instance(and from experience); a truck owner / operator may generate over $200,000 in income; but; after fuel, insurance, truck payments and operating costs; the "net" take home income may be as little as $30-50,000. He worked all year to make 10-30,000 after flat tax. If he had a bad year with some major breakdowns and repairs; he pays more in tax than made.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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