Zuma's Rescue Ranch

View Original

How are small business doing with the high cost of doing business in the US

The Rising Costs of Rescue: A Decade of Change

When I began this journey of loving and rescuing horses, the financial landscape was much easier to navigate. However, over the last decade, labor costs have surged by more than 50%, making it increasingly difficult for small businesses and nonprofits to stay afloat.

Inflation and rising wages have become a political volleyball, and the financial burden continues to grow. You might wonder—how does this affect an organization that doesn’t employ a large workforce? Let me break it down:

  • Employee-funded health insurance has increased by 50%

  • Wages have doubled, jumping from $7 to $15 per hour

  • The Family Medical Leave Act (FMLA) has added 0.45% to employer wage costs

  • Social Security contributions stand at 6%

  • State & Federal Unemployment Taxes apply to the first $7,000 of wages at 4-6%

  • Federal Income Tax ranges from 12%-22% for average earners and up to 37% for top earners (compared to just 6% in 1964)

These rising costs put immense pressure on small businesses and rescue operations that rely on limited resources to care for animals in need. The question isn’t just about business—it’s about sustainability for organizations like ours that dedicate themselves to making a difference.

How are you surviving the excessive taxation? How can we as citizens effect change in these policies? Follow your local representatives and see how they vote on legislative initiatives that affect your bottom line. Your local representatives directly affect which bills are passed; vote for representatives that support small businesses and America’s middle class. The taxation in our country is eroding our middle class, creating a vast gap in wealth distribution. We can fight back, but we must remain vigilant, informed, and VOTE.

How You Can Support Small Businesses & Charities

In today’s economy, small businesses and charities need our support more than ever. Here’s how you can make a difference:

Shop Local Whenever Possible – The cost difference between a local store and online shopping is often negligibleonce you factor in shipping. Plus, supporting local businesses keeps your community thriving and strengthens your local economy.

Create an Annual Giving Plan – Instead of paying more in taxes, consider reducing your taxable income by donating to charities. The IRS allows individuals to donate up to 60% of their gross income to qualified nonprofits.

Consult Your Tax Accountant – Work with a tax professional to develop a strategic giving plan that maximizes your charitable contributions while minimizing tax liabilities. Why give more to the government when you can directly support causes that matter to you?

Small changes in how we shop, spend, and give can greatly impact the businesses and nonprofits that make our communities strong. Every purchase and donation makes a difference!

Every dollar counts. If you've ever considered supporting a rescue, now is the time. Whether through donations, volunteering, or spreading awareness, every bit helps ensure these incredible animals continue to receive the care they deserve.

PLEASE consider making Zuma’s part of your annual giving plan; all donations are tax-deductible. Donate