plus tax

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…plus tax

“….plus tax” – the phrase that follows every purchase. If you google this phase, it will find a quarter billion entries or so. It’s is so engrained in any purchase that no one any longer gives it a thought. You should.

The ‘plus tax’ is not a one-time event in the life cycle of an employees’s earnings. If you work for a company, that company will in nearly all cases pay tax on their cost of goods. They may pay a business privilege tax and more than likely federal and state corporate sales taxes. As an employee, you’ll pay your federal, state and local taxes. All of these taxes are paid before you even purchase an item where they provide the price and add ‘plus tax’.

So with all of the taxes, why are the debts and deficits at an all time high? At the federal, state and local level? The fact of the matter is that our elaborate system of taxes, taxes, taxes does not work. While the intent may have been admirable, we need something better.

The problem is not Obamacare, healthcare or the many cracks in any of the other critical sectors. The problem is a need for better communication, cooperation and a plan that is easily followed. Conversation is free. No tax required.

Mark Schuster, Partner

September 25, 2013

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