Greetings!!! I am New to this Group!!
Backround :
I own a couple of radio stations. The FCC has been requiring Regulatory fee's paid each year that go up about 10 to 20 percent EACH YEAR! In addition, we have to pay RENT for using the public airways! ( the dial [frequency] setting on the radio) You don't PAY your are off the air! any FCC rule REQUIRED Form /request/ report filed now comes with a hefty FEE!
I deduct every penny for the above on our company tax return We treat it like any other expense like our electric bill, etc,etc, etc right off the top of our income.
Question:
How is this worth anything to the Gov't?? we pay from one hand, [income] [ the Fee's to the FCC] then treat it like a dead expense on the other [a loss to the IRS] ??? is this a WASH? is their something here I am not concidering??
Or is this just ANOTHER Gov't job creation method of taking LOOOOSERS of the street [welfare to work] providing them with a Gov't JOB with great benifits at MY/ YOUR expense to administer this Gov't rental / regulatory fee's MONEY GRAB!!!
By the way, I have more than enough work to generate at least 10 to 15 good paying JOBS but WHY BOTHER! I TURN the work AWAY , The 'reward' for such work is:
Potential liability / lawsuits from workers such as workers comp 'claim' or some type of naked assertion that we did some thing wrong such as you did not hire me because I am hooked on drugs, did not provide a cushioned toilet seat in the rest room, did not give them time WITH PAY to deal with some type of gambiling debt, or medical issue What ever!
They run to some Gov't agency using YOUR tax dollars at NO expense to the employee, under the ADA (Americans with diabilities act), discrimination, lawyers whatever they can think of to EXTORT you!
And the Gov't and Court system goes right along with it! LEGAL TERRORISM and EXTORTION! against business owners large and SMALL!
In addition to the above :
33 percent in federal taxes 15 percent in 'commie' security tax 6 percent in state income taxesDon't forget the ALT min tax grab too!
and ALL othe the other MONEY GRABS such as un employemnt, workers comp etc, Gross recipts taxes, personal property taxes MORE regulatory fee's, accounting fee's to keep track etc, etc, etc, you get the picture
I CHEERFULLY turn work away and now only do enough for myself and my life style and that's it! again WHY bother to do any more? I have spoke with MANY other small business people and they tell me the SAME thing! they are cutting way back and doing just enough work for them selves, enjoying thier life style and not expanding or hiring anyone!
Comments????? by the way, please excuse the side track Rant but please answer the above question concerning the Fee's thanks!!!