I own two small businesses, a print shop and a landscape company.

I find enough tax deductions from these to zero out my tax bill each year.

As a small business, the loopholes are everywhere. We live in a country where the tax laws were written by and for business.

I have a 36 foot sailboat at a marina in Florida. The marina is a customer of my print shop so I have to go and visit them pretty regularly.
I have my landscape crew cuts all my friends grass for CASH. I can write off the labor.

I keep my Mom and Aunt on the payroll as " consultants". They are elderly, retired and don’t need the money, so they give me the money I pay them back in CASH.

Is this a great country or what?

There are, of course, millions of Americans who don’t have to pay tax because they are elderly, disabled, a student or someone who only earns minimum wage.

JACKSONVILLE, Florida (Reuters) – Republican presidential contender Mitt Romney said on Saturday his 3.4 billion U.S. economic stimulus plan would rescue an economy on the "tipping point" of recession. His plan foresees 1.4 billion in stimulus to corporate America in measures that include permanently reducing the corporate tax rate to 20 percent from 35 percent over two years and allowing businesses to depreciate the value of new equipment purchases faster.

McCain has voiced apprehension over proposals for temporary tax cuts and more spending as suggested by many Democrats and Republicans, saying they result in additional strains on resources. McCain has instead proposed cuts in corporate taxes from 35 percent to 25 percent, extension of Bush’s tax cuts, and elimination of the Alternative Minimum Tax, which was enacted to prevent wealthy taxpayers from using many deductions to avoid federal income taxes.
so not only does it seem they favor big business but it is actually their beleive that it is the best way to adress our economic issues.

i now understand how that 0.00 a year that the bush tax cuts have saved me is really due to the added economic growth due to the billions in tax credits given to oil corporations, who have used those credits to help keep the price of food, fuel and transportation down…… due to their brilliant development and research programs and the republican led business revival these oil giants some how managed to see historic profit margins. thanks to those wonderful incentives and republican management of the economy we have seen millions of jobs created
(minimum wage service sector jobs, which don’t come with a pension or 401k or health insurance….)
to make up for the higher pay industrial jobs which have been lost.

i was wrong, i don’t understand how i missed how much the wonderful job done by our leadership in washington had done for us

Hellos,

Before reading:
I’m 17 and I’m giving you a scenario of assumptions and accusations, reply accordingly if you will, it will be much obliged.

Okay

Assume I live in Arizona, and assume I apply for a job at Kohl’s with no prior work experience (as it is not required.) Assume that they higher me and assume Arizona’s Minimum Wage is $ 6.90 and assume that starting salary in this business is MW + $ 0.40, which is .30. Okay, and assume I work 32 hours a week,

32 * $ 7.30 = $ 233.60

Note: Remember I’m 17, I’m not sure if there’s any bonus to being a minor in this area (tax returns, etc), if there is, do tell.

My question to you:
What would my income tax deduction be, and the finalized pay check would equal out to what?

Now assume I’m employed for 15 weeks. Around what amount money would I rake in (I know it depends but, given that information, what can you conclude?)