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I am a Business owner in Mass. 10 years as a Commercial Drywall Company.
It's not glamorous but it's what I do.
Every job I get is a competive bid against a number of similar firms. Then further negotiated. I then proceed to build say Walmart or say maybe an offfice building. I have to purchase the material and provide the manpower to complete the job profitably. Oh yeah I finance the job also......at best in 90 days I'll start to see a monthly payment on the job. Most smaller jobs are completed out of pocket. the joke is every morning I wake up and say" I'm all in". the risks are high. After I make this gross profit of 17-20% I pay my matching FICA of 7.5%on my payroll, though I think I get a 1.5% break(bush tax cut). then 7% workers comp then 3% liability and don't forgot 12% uneployment on the first 14k per man...I have 30. I have 3 trucks and office estimator and secratary. My monthly gas bill is $1600. When it is all said and done we strive for 8-10% net profit. Depending on volume I will owe 33-35% federal plus my social security being self employed and then my mass state tax.
in the end I get 5% of the money or 1/2 the profit......It's sad but true.
Personally I would think employing 30 men would be enough of a contribution.
I pay about a 100k in just matching FICA yearly...that's more than most.
now if I do well in a given year......They would llike me to "contribute" more.
As the risk taker/owner I should be encouraged not discouraged or worse made to be the greedy owner.
The real problem as I see it the american worker is lazy and unproductive.
They think they are great...why because you showed up.....ya right.....
I always say you have no problem sticking your hand out friday for your check....well I have no problem on tuesday asking for you to work.....
everyone knows people they work with that do nothing all day...if they never showed up again the company would be just fine.... maybe they spend the day on the internet or talk to the girlfriend or my favorite...just brag all day how they don't do anything...
They are the problem...the keep costs high and force companies to build their products elswhere. Or the local tax on real estate is so high because when you hire a 24 year old fire fighter you will pay for him until he dies.....
I tell my 3 sons 1 thing ...work hard...it doesn't matter what someone else does...the system will flush them out...just like if my company can't compete and be profitable the system will flush it out...
Lately a lot of people are having a hard time finding work and corporate profits are up... sounds like the system is working....
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