Author Topic: Atman/Texas Toast: The 90% tax rate actually ENCOURAGED employment  (Read 1289 times)

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Offline JohnnyReb

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Re: Atman/Texas Toast: The 90% tax rate actually ENCOURAGED employment
« Reply #25 on: November 11, 2010, 04:17:48 PM »
Me, I think I'd just close up shop. I can afford it. What I can't afford is the government the profits I need to put back into my business to grow it. I've started at least one business and I can do it again when the climate for "rich" business owners is better. I feel bad for the employee(s) that will no longer have a job but I have no incentive to keep my doors open. I won't even have enough after taxes to support myself and my family. Sorry, but like those who will no longer have a job, I have to put family first.

Cindie

I lost a lot of money in the mid-70's being good to my employees.

Did they return the favor.....HELL NO! ....I lost my ass but I didn't declare bankruptcy or not pay anyone I owed when due. It took me until 1982 to really recover.   
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