While all conservatives don't embrace every point on your list, Spoonman, all definitely can fit easily within a broad conservative ideology. Good job.
Meanwhile, in gleanings from my daily e-mail was a telling letter written by a New Jersey businessman and is excerpted here entitled
WHY I AM NOT HIRING:
. . . .(Sally has) been with us for over 15 years. She's a high school graduate with some specialized training. She makes $59,000 a yearon paper. In reality, she makes only $44,000 a year because $15,000 is taken from her thanks to various deductions and taxes, all of which form the steep, sad slope between gross and net pay. . . .
. . . .Employing Sally costs plenty too. My company has to write checks for $74,000 so Sally can receive her nominal $59,000 in base pay. Health insurance is a big, added cost: While Sally pays nearly $2,400 for coverage; my company pays the rest$9,561 for employee/spouse medical and dental. We also provide company-paid life and other insurance premiums amounting to $153. Altogether, company-paid benefits add $9,714 to the cost of employing Sally.
Then the federal and state governments want a little something extra. They take $56 for federal unemployment coverage, $149 for disability insurance, $300 for workers' comp and $505 for state unemployment insurance. Finally, the feds make me pay $856 for Sally's Medicare and $3,661 for her Social Security.
When you add it all up, it costs $74,000 to put $44,000 in Sally's pocket and to give her $12,000 in benefits. Bottom line: Governments impose a 33% surtax on Sally's job each year.
Because my company has been conscripted by the government and forced to serve as a tax collector, we have lost control of a big chunk of our cost structure. Tax increases, whether cloaked as changes in unemployment or disability insurance, Medicare increases or in any other form can dramatically alter our financial situation. With government spending and deficits growing as fast as they have been, you know that more tax increases are comingfor my company, and even for Sally too. . . .
So with looming increased taxes due to expiration of the Bush tax cuts in 2012 and with the uncertainties of new taxes imposed for mandatory healthcare and Cap & Trade plus so many other spending initiatives still in the works, it is little wonder that employers are not willing to hire.
And today we received news that joblessness dramatically increased for the third straight week to the highest level in nine months.
But our fearless leaders tell us: The stimulus is working.
The priorities are obviously all wrong.
Poor Sally. Thank God I never worked for such an organization who blamed ME for my contributions to its success. Almost all of the expenses involved in keeping her employed can be deducted from her greedy employer's taxes. He forgot to mention that.
This brief article describes tax deductions available for small businesses:
Top Tax Deductions for Your Small Business - Free Legal Information - Nolo
^They include:
AUTOMOBILE EXPENSES
BOOKS, LEGAL, PROESSIONAL FEES
BAD DEBT
BUSINESS ENTERTAINING
TRAVEL
INTEREST PAID
NEW EQUIPMENT
MOVING EXPENSES
NEW SOFTWARE
CHARITABLE
EDUCATION EXPENSES
ADVERTISING AND PROMOTION
TAXES:
Taxes incurred in operating your business are generally deductible. How and when they are deducted depends on the type of tax:
Sales tax on items you buy for your business's day-to-day operations is deductible as part of the cost of the items; it's not deducted separately. However, tax on a big business asset, such as a car, must be added to the car's cost basis; it isn't deductible entirely in the year the car was bought.
Excise and fuel taxes are separately deductible expenses.
If your business pays employment taxes, the employer's share is deductible as a business expense. Self-employment tax is paid by individuals, not their businesses, and so isn't a business expense.
Federal income tax paid on business income is never deductible. State income tax can be deducted on your federal return as an itemized deduction, not as a business expense.
Real estate tax on property used for business is deductible, along with any special local assessments for repairs or maintenance. If the assessment is for an improvement -- for example, to build a sidewalk -- it isn't immediately deductible; instead, it is deducted over a period of years.
And some commonly missed expense items:
audiotapes and videotapes related to business skills
bank service charges
business association dues
business gifts
business-related magazines and books
casual labor and tips
casualty and theft losses
coffee and beverage service
commissions
consultant fees
credit bureau fees
office supplies
online computer services related to business
parking and meters
petty cash funds
postage
promotion and publicity
seminars and trade shows
taxi and bus fare
telephone calls away from the business