Quote: (10-11-2012 12:18 AM)kickboxer Wrote:
Does this take into account the loopholes the rich use to pay less than 35%?
As a business owner, my company has to pay corporate taxes, then payroll taxes. When the money gets to me I have to pay my share of FICA, Federal, City and state taxes.
I also get taxed on Dividends that my company disburses.