David Kirkham Testify Before The Senate Finance Committee

[grego]

David,

Some good suggestions from the other members on Federal.

While this is a federal tax hearing, I suggest also speaking about state and local tax impact as well as Federal taxes on small businesses. It's not only Federal, but often the large number of state and local taxes that pile on top of Federal taxes that can overwhelm a small business.

I don't know about Uthah, but friends of mine from other states frequently talk about how burdensome and costly. Plus, many of them overlap with Federal taxes.

I can't remember where I read it, but a number of years ago I saw something written from one of our Presidents in the late 1800s or early 1900s, I believe, that prophesized Federal taxes will become small in comparison to state and local taxes.

Good luck on the hearing.

Greg

[HI Cobra]

Thank you David,

If the federal government would reduce taxes for the small businesses along
with regulations that do nothing except hinder progress, and simplify the tax
filing process - they might be surprised at the rebound of the economy. That
is, if the states wold do the same. i have a small business here in Hawaii that is construction related (fire suppression systems) and unfortunately the
construction business has been in the pits for over two years now. What is
their solution? Build an $8 billion fixed rail 20 miles long that will cost $300M
a year to run. No where for taxes to go but up, with less than 1 million people
to pay for it. Sad thing is, I doubt if 5% will ride it so the traffic problem will
not change.

Best of luck with your input to them - now if only they would listen!

[David Kirkham]

Originally Posted by grego

David,

Some good suggestions from the other members on Federal.

While this is a federal tax hearing, I suggest also speaking about state and local tax impact as well as Federal taxes on small businesses. It's not only Federal, but often the large number of state and local taxes that pile on top of Federal taxes that can overwhelm a small business.

I don't know about Uthah, but friends of mine from other states frequently talk about how burdensome and costly. Plus, many of them overlap with Federal taxes.

I can't remember where I read it, but a number of years ago I saw something written from one of our Presidents in the late 1800s or early 1900s, I believe, that prophesized Federal taxes will become small in comparison to state and local taxes.

Good luck on the hearing.

Greg

I'm afraid I won't be able to say much about state taxes, but they should remember we have to pay them too as they pass the federal laws.

David