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Showing posts with the label income tax

Business is Business - A Taxable Thought

The goal of every singe for-profit business in the world is to generate more income than it has expenses.  This is true for all business structures, be it a sole-proprietor who generates $20,000 or less in gross revenue, a multi-billion dollar corporation with locations all other the world, or anything in between.  The simple rule of business is to make more than you spend.  Period. The United States Government is an extremely large business with a budget that is incomprehensible to many of us.  And yet, given all the revenue sources, power, and influence that it has, it still is not operating profitably.  Why? One reason is income taxes.  In my opinion, the federal income tax system is greatly flawed.  My understanding of the original intent of an income tax refund is basically that you get your "change" from paying in more than you owed at year end.  It should work just like going to the grocery store, spending $30, handing the cashier $40 a...