I know many successful people who have busted their butt to get what they have. They worked 15-20 hours a day for years on end and it paid off for many of them when their business finally took off. As such, they were able to hire more people and their businesses continued to grow. Instead of being a burden on society, they worked hard and became a benefit to society by taking care of themselves and offering employment to others. Plus, if you count the company vehicles, maintenance, cleaning crews, gas, medical benefits, building rents, advertising, etc, etc, etc, they did more to aid society as a whole. Not only did they create jobs in their company, they created jobs in several other markets as well.
Personally, I don't think we should be penalizing them for being successful and creating jobs and lives for countless others - it doesn't pass the common sense test. I think they should be taxed at a reasonable rate. I believe they should be allowed to use whatever deductions available. If we tax them too much, they will lose the desire to produce and will either sell or close the company down. We wouldn't have tax problems if the government lived within its means and didn't continue to grow.
chiefburg wrote: