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If this is a known issue then why doesn't he take steps to combat it. He could refrain from stocking up on inventory prior to the end of a tax period for a star
by celticninja 11y ago
If this is a known issue then why doesn't he take steps to combat it. He could refrain from stocking up on inventory prior to the end of a tax period for a start. Sure keep stock on hand but don't get a years worth of stock sitting in warehouse if you are going to get a tax bill because of it.
I also feel it is a bit disingenuous, he wasn't overtaxed, he paid the correct amount of tax, however this financial year he will have the sales of the goods that he already paid tax on, so proportionally next years tax bill will be less.
Also he says he could have hired 3 qualified employees. How did they get qualified? Well they probably paid through the nose for a college education in the US, but to prepare them for that I imagine they attended a state funded education system first.
Its easy to blame IRS/tax but taxation is not the problem and the article even comes close to the actual problem and that is how the government spends tax revenue. And that is something much harder to argue against.