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I don't think that most people understand how corporations work or that they are made up of individuals. When I started my company I was a Sole Proprietor. As I grew the company I incorporated and hired people. Now out of the profits that used to come to me and I got taxed as an individual on, I pay salary to employees and I pay a payroll tax. Those employees don't consume state resources and they pay taxes.
I provide benefits and I get taxed on the benefits that I provide. The legislature just voted to increase that tax. State employees and big corporations are exempt from paying that tax.
The salary that I take for myself gets taxed and the corporation (small business) that I operate gets taxed, now that tax is poised to increase.
posted 3 years, 11 months ago
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