Tooele Transcript Bulletin – News in Tooele, Utah

November 6, 2012
We don’t need breaks for 1 percent

This entire fallacy about how we need the wealthy or none of us will have jobs is the result of one of the most successful propaganda campaigns in history. I know of no one who is employed by a person in the 1 percent. As a business owner, I am much more concerned with the ability of my customers, who are middle-class wage earners, to buy my products than the impact of Obamacare — which I hope will one day help me provide health care coverage for my employees and myself — or an increase in the tax rates charged on incomes over $250,000 a year. That annual income for a small business owner is significantly more than the same amount of money made by a wage earner. Wage earners earn their money, pay their taxes and then pay for their expenses and luxury items with whatever is left. People who own small businesses, for the most part, pay for their expenses and luxury items, then take their income and pay taxes, leaving what is left for them to use in any way they see fit. And before you say “that’s illegal” and “you could if you’re a crook,” let me assure you that statement is entirely true and legal, and every successful businessman — and their accountant — knows how to do it.

Charles Prows

Tooele

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