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September 2003, Week 1

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Subject:
Re: OT: Gas Price Whining
From:
Christian Lheureux <[log in to unmask]>
Reply To:
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Date:
Wed, 3 Sep 2003 14:30:06 +0200
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Speaking of inappropriate (read : stupid) taxes, we've got on very
interesting little thing in France called the business tax : it's raised on
investment and salaries. It is, therefore, a ($cynical_mode on) strong
incentive ($cynical_mode off) for businesses to invest and hire people (!!!)

We may have another few smart ideas on how NOT to make money. Let me think
...

Christian

> -----Message d'origine-----
> De : HP-3000 Systems Discussion [mailto:[log in to unmask]]De la
> part de Tom Brandt
> Envoye : mercredi 3 septembre 2003 14:15
> A : [log in to unmask]
> Objet : Re: [HP3000-L] OT: Gas Price Whining
>
>
> As bad as the SBT is, it does not apply to businesses with
> revenues less
> than $250K. Also, Wirt neglected to mention that marginally
> profitable or
> unprofitable businesses are still subject to federal payroll
> taxes (FICA,
> Medicare, FUTA) and may be subject to state payroll taxes as well.
>
> At 09:50 PM 9/2/2003 -0400, Mark Wonsil wrote:
> >Wirt writes:
> > > with the tax laws the way that they are, if you can keep
> your company
> > > either only marginally profitable or non-profitable (which is
> > > surprisingly easy to do), you will completely eliminate your tax
> > > burden.
> >
> >Not in all States.  Michigan has a nifty little tax called
> the SBT.  I hear
> >it stands for Single Business Tax but I think stupid or
> strangle work just
> >as well.
> >
> >This tax is based not only on revenue but wages paid and
> capital owned, so
> >if you have a lot of equipment and lots of employees and
> loss money, you can
> >still pay a lot of taxes.  :-(  They are trying to phase it
> out over 23
> >years if the State can avoid dipping into the "rainy day
> fund".  For those
> >with too much time on their hands:
>
> --
> Tom Brandt
> Northtech Systems, Inc.
> 130 S. 1st Street, Suite 220
> Ann Arbor, MI 48104-1343
> http://www.northtech.com/
>
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