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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 m
by 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 agoIt makes plenty of sense, the people who donate to the lawmakers campaigns own companies towards the end of your table.
- nodesocket 10y agoNot 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 agoIncumbent 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 agoYour so right