|Business Activity Tax|
|Friday, 20 May 2011 19:09|
Let me rant for a moment about a bill cosponsored by the following individuals:
Today I get the mail and I have a form wanting more TAXES from my small business. It's apparently not enough that I already pay a fee (tax) to the Secretary of State's office for each LLC I operate AND pay taxes on income earned from these businesses, but now these individuals think it is a great idea to grab a minimum of $25.00 from every business operating in this state with a max of $20,000 (the Franchise Tax maximum for companies that have Oklahoma capital in the amount of $160k or more).
This is just another reason for businesses not to be established or operate here. It could even possibly push a small business from profit to loss in this tight economy, but what do these six "representatives" of the people care? They still get to sponsor and support bills to take care of their cronies and top donors by taking from everyone else.
I am sure they will say that it is such a small fee, no major inconvenience, and it may be, BUT, where does it end?
One more thing. This tax that is due July 1, 2011 cannot even be filed until after June 1 because they don't have things ready to process them. Oh yeah, if it is late, they're going to assess penalties too. Ridiculous.
So, misters Benge, Trebilcock, Derby, McDaniel, Sullivan and Coffee, I would like to thank all of you for clearly identifying yourselves as RINOs with this bill. You just another way for you take take my hard earned money and give it to someone else. I am pretty sure that income redistribution is a tenant of socialism.
Now, KEEP YOUR HANDS OUT OF MY WALLET!