Understanding what the Democrats mean when they say the rich need to pay more; I am a businessman, I have a S-Corp which means the income from the business is taxed to me personally. My company does over $20Million in gross sales with a total company net profit of around $260K. All of our future improvements and bonuses to employees have to come out of that $260K plus we have to maintain at least $150K as operating income. I take $72000 as a salary but pay taxes on the $260K. I have to be personally responsible for all debt the company occures and sign all personal guarantees. Now the Governor of my State decided we didn't pay enough so he put on a Commerce Tax based on solely gross income. that just cost me $24K more right out of what little profits we have left. The rich that Hillary is talking about includes me and many others like me. We support 25 families in our company just like so many other small to medium businesses do. When they tax us out of business you and the rest of America will be supporting our 25 families and many many more. What will happen to your money when there are no more so called rich to tax?
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