06-24-2011, 12:48 AM
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CC Member
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Join Date: Mar 2001
Location: Provo,
Ut
Cobra Make, Engine: Kirkham, 427
Posts: 6,990
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Not Ranked
Quote:
Originally Posted by grego
David,
Some good suggestions from the other members on Federal.
While this is a federal tax hearing, I suggest also speaking about state and local tax impact as well as Federal taxes on small businesses. It's not only Federal, but often the large number of state and local taxes that pile on top of Federal taxes that can overwhelm a small business.
I don't know about Uthah, but friends of mine from other states frequently talk about how burdensome and costly. Plus, many of them overlap with Federal taxes.
I can't remember where I read it, but a number of years ago I saw something written from one of our Presidents in the late 1800s or early 1900s, I believe, that prophesized Federal taxes will become small in comparison to state and local taxes.
Good luck on the hearing.
Greg
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I'm afraid I won't be able to say much about state taxes, but they should remember we have to pay them too as they pass the federal laws.
David
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