Have you ever run or owned a Corporation Matt? I've been involved with 8 start-ups. During the first 3-5 years most corporations are in business, one bad decision or one sale gone bad can bankrupt a company. Of the 8 startups I have been involved with 3 are still in business all of which were sold to larger competitors. The other 5 went …
Have you ever run or owned a Corporation Matt? I've been involved with 8 start-ups. During the first 3-5 years most corporations are in business, one bad decision or one sale gone bad can bankrupt a company. Of the 8 startups I have been involved with 3 are still in business all of which were sold to larger competitors. The other 5 went under. So you're saying that if one of these companies finally turns the corner and has a bad year, they should pay more SS tax?
If the government had invested our SS contributions in 10 year rolling T-bills then it would be solvent, but instead they used it for general purposes with zero return to SS.
Have you ever run or owned a Corporation Matt? I've been involved with 8 start-ups. During the first 3-5 years most corporations are in business, one bad decision or one sale gone bad can bankrupt a company. Of the 8 startups I have been involved with 3 are still in business all of which were sold to larger competitors. The other 5 went under. So you're saying that if one of these companies finally turns the corner and has a bad year, they should pay more SS tax?
If the government had invested our SS contributions in 10 year rolling T-bills then it would be solvent, but instead they used it for general purposes with zero return to SS.
That’s why negative K1 exemptions are in place