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Many, many businesses are barely making it - so taxes them more goes right to their bottom line. Perhaps the tax rate on business should be progressive, so that
by proee 8y ago
Many, many businesses are barely making it - so taxes them more goes right to their bottom line. Perhaps the tax rate on business should be progressive, so that businesses working to stay afloat don't sink, and those that are chock full of cash can pay the standard rate.
Better yet would be to create programs that offset taxes by opening/hiring more employees. I'd personally like to see the money stay in the private sector than go to the government directly. Hiring more people still increases taxes through personal income taxes.
- gamblor956 8y agoA business tax is paid on profits, so it has little to no effect on struggling businesses.
- proee 8y agoFalse. If your small business is barley making it - any and all money goes directly back into the company for survival. If you're on the edge of going under, any additional money you can keep on the table increases the chances of survival.