So - pretend you are a physician
You work 65 hours a week, you keep a staff of 8 people working full time. You make, let's say, $800,000 a year.
Now pretend you own a couple of McDonalds. You work 45 hours a week. You have 30 FTEs. You make, let's say, $800,000 a year.
Or your a real estate developer. You work 45 hours a week. You have one assistant - a broker who is your life blood and you pay him $400,00 a year. You make, let's say, $800,000 a year.
Under the Trump tax bill, the physician will pay roughly $320,000 in taxes. The McDonald owner and the real estate developer - they make the same, but thrir taxes will be $200,000.
The employee of the broker - he will pay a higher tax rate than his boss.
Disgusting.
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Posted: 11/03/2017 at 01:10AM