Quote:
Originally posted by Peetster
If my tax bill were halved, I would immediately hire five more people. That's five new jobs. That's far better than the government hiring five more civil servants, don't you think?
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Would you explain your equation to me? I don't run a small business and have no idea the amount of taxes you pay--but here's what I've got so far:
5 workers * 40 hrs/wk * 4 wks/month * 12 months/year * 6.50 /hr (minimum wage, no benefits-health, retirement, or otherwise) = $62,400.
Your taxes would need to be at least $124,800 (excluding payroll taxes) just to break even. Do I have that figured correctly?