Issue: Entrepreneurs:^©

 Example:  Taxes cannot support Congress and government civil servants without more tax money to exceed its 85%-entitlement nut.  A tax base that is shrinking due to taxes, regulations, fees, permits, plus more and more mandated entitlements of its private sector such as; workman’s compensation, healthcare insurance, retirement accounts, added to manufacturing costs, marketing expenses, inventory purchases, delivery, courier fees, including professional services to respond to all of the above; i.e.: corporate attorney, litigator, accountants, auditors, defense attorneys, compliance officers, and a financial planner with a staff to invest profits or define capital expenses.  All this before an entrepreneur earns his first dollar that can lead to a profit to pay all those behind the semi-colon – Sarbanes-Oxley. 

 NOTE: this did not include salaries, wages, operating expenses, and facilities, vehicles, utilities, sprinkler systems, handicap accessibility, or communications.

 Building a tax base: Employees are paid from profits, and owners, not shareholders are paid from what is left.  If unionized, employees pay for an arbitrator, advocate and negotiator before earning mandated vacations, wage limits requiring they contribute to a healthcare plan that declines care if costs exceed a profit from individual accounts created within that insurance plan.

 NOTE: Profit is that money left over after all of the above are paid and becomes the base from which State Comptrollers declare is theirs or at least a percentage of that left after IRS intimidates tax collections resulting from Congressional direction to take more and more unearned value without providing services. 

 Recommendation: Help Entrepreneurs create a business, un-encumber them to allow for profits from which they can pay reasonable taxes.  More entrepreneurs earning a living from their businesses produce a larger tax base.  Allow them to set wages according to value added that will in most cases provide raises as value increases.  This, then, multiples tax base participation in building even larger bases; thus reducing individual contributions necessary to meet costs of running a prudent, responsible government performing, as most members of a tax base, within their means.  Without credit debt or deficit spending.

 Rationale:  Government’s responsibility is to ensure Entrepreneurs those resources needed to create entities that are capable of employing enough wage earners to meet those costs for common sense services.  It is without saying that government cannot exceed any funding level greater than that provided by a tax base to make this democracy strong.  These funds by trust should be obligated prudently and with selfless interests.

 Challenge:  Global competition requires American entities to compete in pricing and wage earning.  It has two pools of work force: citizens, and illegal aliens.  In reality, there is a third established pool of temporary workers, authorized through Department of State for assignments to sponsors, company owners, who hire foreign students to work or study in America for up to six-nine months on a J1 visa.

 Example:  A student can learn through State department representatives at consulates and Embassies about a need for specific jobs in specific industries that students can fill for their summer hiatus from homeland studies.  With that visa, they can legally EARN in America, but it requires, without valid reasons or continued sponsorship, to return home to receive an extension and or upgraded visa to F1 for study or a initial process to become a permanent resident by invitation from a sponsor.  This process has been in place for 2 decades or more with great success in building America’s agricultural base and technology development being challenged by global competitors.

 Resolution: Encourage Entrepreneurs to hire minimum wage employees by eliminating any tax liability at that level plus exempting any taxes on overtime pay, vacation pay or second job pay until promoted into full-time, mean average income.  This would also exempt J1 visa employees from employer withholding “un-refundable” taxes from their $5.43-$12 per hour pay rate giving them another $1,000 for education expenses or funds to apply for an extension or next summer stint under J1 rules.

 Summary: Through these simple steps and elimination of foreign oil imports, America can remain most desirable Nation to work and live-in.  Without these steps, our current trend, is one leap to second, third or 190^th place in a global race to the cash register.

 Copyright 12/06/2007 GeneZarwell4President.US
Washington DC, All rights reserved unless requested in writing
to run with credit: by GeneZarwell4President