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I find that tax to be obnoxious. I wouldn't mind paying it AFTER the business has had a chance to breath, but that's a hefty chunk of change to present up fron

I find that tax to be obnoxious. I wouldn't mind paying it AFTER the business has had a chance to breath, but that's a hefty chunk of change to present up front, without ever having done business. I'm sure my frustration stems from not understanding WHY they charge it, when they do... If anyone could enlighten me, I would appreciate!

nodesocket 10y ago
You're not the only one who thinks this tax is absurd and unfair. It hampers innovation and entrepreneurs looking to start a business. Why should an LLC that makes $5,000 a year pay the same flat tax of $800 as a business that makes $5,000,000 a year? There should be tiers instead. I think a structure like the following makes way more sense, but then again this is the government we are talking about. Revenue < $50,000 = $250 tax Revenue $50,000 - $100,000 = $500 tax Revenue $100,000 - $500,0000 = $1,000 tax Revenue > $500,000 = $2,000 tax
- cmdrfred 10y ago
  It makes plenty of sense, the people who donate to the lawmakers campaigns own companies towards the end of your table.
  - nodesocket 10y ago
    Not buying the conspiracy theory. A California LLC company making more than $500,000 a year, $800 tax or $2,000 tax doesn't matter. I just think lawmakers are out of touch to the consequences of these sort of taxes, and don't think about stimulating small business and entrepreneurs.
    - cmdrfred 10y ago
      Incumbent firms will always seek to prevent competition. This tax does exactly that. No matter how you slice it this just another in a long list of "happy accidents" that benefit the donor class.
- jrichn812 10y ago
  Your so right