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A Boss Who Tells It Like It Is

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AJL118

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Florida
I know this is a long read but this guy hits the nail on the head. It is scary but true.


A Boss Who Tells it Like it Is ...

To All My Valued Employees,

There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn't pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.

However, let me tell you some little tidbits of fact which might help you decide what is in your best interests:

First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You've seen my big home at last years Christmas party. I'm sure, all these flashy icons of luxury conjure up some idealized thoughts about my life. However, what you don't see is the back story.

I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.

My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn't have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business - hard work, discipline, and sacrifice.

Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom's for the latest hot fashion item, I was trolling through the discount store extracting any clothing item that didn't look like it was birthed in the 70's. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.

So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don't. There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a one year old special-needs child. You, of course, only see the fruits of that garden - the nice house, the Mercedes, the vacations ... you never realize the back story and the sacrifices I've made.

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.

Yes, business ownership has is benefits but the price I've paid is steep and not without wounds. Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:

I am being taxed to death and the government thinks I don't pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time.

On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch.

The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.

The fact is, if I deducted (Read: Stole) 50% of your paycheck you'd quit and you wouldn't work here. I mean, why should you? That's nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.

Here is what many of you don't understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.

When you have a comatose man on the verge of death, you don't defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it. Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.

So where am I going with all this?
It's quite simple. If any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child's future. Frankly, it isn't my problem any more.

Then, I will close this company down, move to another country, and retire. You see, I'm done. I'm done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.

So, if you lose your job, it won't be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steam rolled the constitution, and will have changed its landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about ...

Signed,
Your boss
 
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J in Florida

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Boss sounds incredibly selfish to me. Poor, poor guy who has to pay $288k in taxes. That means his income is what? Look-if you make $50k and you pay 50% in taxes, you are going to starve. If you pay $288k in taxes and thats 50% of what you make, you still have $288k left over. After tax. What is he going to say next, the government is taking food off of his family's table? Don't laugh, I've heard guys in his situation say the very same rediculous thing. Spare me the sob story, boss. There's more to the story than the boss's self-centered version.
 

AJL118

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Joined
Jul 29, 2005
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State
Florida
J - Ignorance is bliss to those who are ignorant. It is not so blissful to those who are not.
 

Caterina Platt

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
New Mexico
Boss sounds incredibly selfish to me. Poor, poor guy who has to pay $288k in taxes. That means his income is what? Look-if you make $50k and you pay 50% in taxes, you are going to starve. If you pay $288k in taxes and thats 50% of what you make, you still have $288k left over. After tax. What is he going to say next, the government is taking food off of his family's table? Don't laugh, I've heard guys in his situation say the very same rediculous thing. Spare me the sob story, boss. There's more to the story than the boss's self-centered version.

J,

I'm willing to bet you've never discovered the horrendous world of employment taxes. The old greedy boss man was paying quarterly taxes on his own salary, his employees, along with the hefty FICA punity. It does not equate to him earning $288K. That's per quarter! It's $1.15 million in taxes per year. Selfish? Not so much. Not the boss man, anyway. Perhaps we could discuss congress people in the same light? Recent hefty raises while the rest of the country (including our Treasury) bleeds red?
 

Riick

Elite Member
Joined
Aug 14, 2007
Professional Status
Certified Residential Appraiser
State
Delaware
Boss sounds incredibly selfish to me. Poor, poor guy who has to pay $288k in taxes. .........There's more to the story than the boss's self-centered version.
Absolutely RIGHT.
In fact what we need to do is take everything except $51,000 of the
money he's stealing from his workers.
Why should he make so much more than they do???

:new_multi:---- You hate the Rich? Then get a job from a poor person. ----:shrug:
 

Greg Bell

Senior Member
Joined
Jul 7, 2006
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Louisiana
Boss sounds incredibly selfish to me. Poor, poor guy who has to pay $288k in taxes. That means his income is what? Look-if you make $50k and you pay 50% in taxes, you are going to starve. If you pay $288k in taxes and thats 50% of what you make, you still have $288k left over. After tax. What is he going to say next, the government is taking food off of his family's table? Don't laugh, I've heard guys in his situation say the very same ridiculous thing. Spare me the sob story, boss. There's more to the story than the boss's self-centered version.

Typical Liberal.Sheesh we are in trouble..:fiddle:
 

J in Florida

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Florida
You guys are right, I have never run a business that made so much money that it owed a million+ per year in taxes. To that end, in this case, yes, I am ignorant.

For those of you that have experience with that dollar amount of taxation, what is the net net net tax rate and just how much does the guy clear at the end of the day/month/quarter/year pouring in over $1M in taxes? I hope it's a good bit more that zero.

Please help the ignorant among us understand.
 

Caterina Platt

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
New Mexico
J,

I too hope it's a good bit more than zero, but not something we could figure out without knowing the employee salaries, number of dependents claimed, the boss's salary, etc. To be blunt, it's a bloody pain in the ... to figure the taxes when you know these figures (for those of us who don't do it for a living), and to try and guesstimate backwards, we'd probably have to pull figures from Skippie's you know what. :rof:

I bought a program that figures it for me, reserving my brain energy for more pleasing activities like paired sales analysis. :laugh:
 
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