Leigh Bortins, founder and CEO of Classical Conversations argues that her $1M+ after tax income is not enough. She appears to think that she deserves a tax break. And she implies that cutting her taxes in half would allow her to hire an additional 10 employees.
Leigh Bortins, for example, owns a startup business selling homeschooling education curriculums and providing seminars for families. She files it as an S-Corp, meaning her business income is taxed at personal rates.
Bortins reports $1 million to $2 million in profit on her tax return each year, and she said the nearly $1 million she paid in taxes this year on her 2010 income could have allowed her to hire 10 more employees (at an average salary of $50,000) and she still could have given $500,000 in taxes to the government.
I guess they teach Voodoo Economics at her “school.”