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 - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want … unless you own a monster tractor. U
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