ZipperConstantine profile image 82

What salary do you think would be fair for a tax increase?

I personally think it should be 400,000 +. Small business owners who are making 250,000 will not have any money to to expand and add more employees. If they are taxed at this level they may also have to lay off people. People who work in small shops like flower shops, small retail stores, coffee shops, etc., might lose their jobs.

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LandmarkWealth profile image88

LandmarkWealth says

3 years ago
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R W Bobholz profile image90

Richard Wayne Bobholz (R W Bobholz) says

3 years ago
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  • LandmarkWealth profile image

    LandmarkWealth 3 years ago

    It's effects the K1 pass through income for an S-corp and an LLC. It's hit me quite hard. I can't deduct any of it. I just pay tax, therefore I pass it along to the consumer.

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