Complaining a little bit about the government
Today hasn’t been a good day. First, my business partner and I got our taxes back from our accountant - not pretty. The problem with bootstrapping a “profitable” business that requires working capital is that increases in working capital are considered as profit by the IRS. That may well be true, but it really makes it hard to grow such a business. While our taxes are about 30% of profit, they are well more than that of our cashflow. Ok, whatever, I can live with that.
However, I was also informed by the government today that I must garnish the wages of one of my employees for $8000 of student loans that he didn’t pay. Now, he didn’t get a degree and it’s not like he benefited at all from the somewhat sketchy school that he was attending. My take: that school probably shouldn’t exist and certainly shouldn’t charge what it does, the bank shouldn’t have lent him the money, the bankruptcy laws shouldn’t be such that student loans cannot be dispatched, and I DIDN’T SIGN UP TO BE A BILL COLLECTOR. Hopefully Paychex knows what to do with this, because I have no idea. I’m not happy about it.
Things could be worse with our government, but they certainly could be better. Movie recommendation - Maxed Out.
