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> Income tax is a tax on personal, individual income and should have no impact on startups. No, just because a tax is levied on individuals doesn't mean the e
by chimeracoder 11y ago
> Income tax is a tax on personal, individual income and should have no impact on startups.
No, just because a tax is levied on individuals doesn't mean the effects of the tax are limited to individuals.
(In fact, just because a tax is levied on one party doesn't even mean that party is the one really paying for it, in the end! This is the concept of tax incidence, which determines the entities who really feel the burden of any individual tax, independently of where it's collected).
- mmanfrin 11y agoMy point is that listing personal income tax as something that startups have to worry about is a disingenuous argument at best. If you're going to try to play the 'all taxes affect everyone' argument then we must also consider the lower net-burden on employees within that startup from the single payer system (among many other externalities or incidences).