19 Apr Paying Your Fair Share in 2014
I just read an interesting article over at the TaxFoundation.org which showcased the following graphic:
It’s highly evident that the best place to be situated in terms of earnings is somewhere between $100K and $200K annually. Anything above the $200K mark significantly increases the tax burden paid.
Most “profitable” small business owners do pay more than what a logical person would consider “fair.” If you really have an issue with the actual level of taxes paid as a small business owner, you could potential follow the advice of Justice Scalia and revolt against high taxes. It seems rather extreme, but the working class citizenry will continue to find discontent in the burden they shoulder in terms of federal taxes.