3 ms·
It's a little cute hearing multi-billionaires talk about how tax cuts must be the answer to, you know, everything. I don't think new business are worried about
by wheels 18y ago
It's a little cute hearing multi-billionaires talk about how tax cuts must be the answer to, you know, everything.
I don't think new business are worried about paying taxes, they're worried about dealing with them period. Making taxes trivial to deal with up to a certain point would be much more of a jump-starter.
- swombat 18y agoTrue, but the simplest way to do that is to get rid of the damn things altogether. I think 25 is a bit high of a cut-off point, but at least 5-people businesses should escape somehow...
- wheels 18y agoThere'd have to be more metrics than that, but again, I don't think it's paying that worries people. Most startups with a good accountant won't pay much in taxes initially, but maybe if you set something like: If you are not a subsidiary of another company, have got under 5 employees, under $50k in the bank and under $200k in annual revenues, you have the option just paying $1000 in taxes for up to two years. Basically a 1040 EZ for small businesses. I bet people would jump all over it to just have it done without worrying.
- jraines 18y agoHow many employees does Berkshire Hathaway have again? Something like 12 at HQ, I think. That would be a lot of tax revenue to disappear.
- anamax 18y ago> How many employees does Berkshire Hathaway have again? Something like 12 at HQ, I think. That would be a lot of tax revenue to disappear. How much does BH currently pay in taxes? I note that Buffet's estate will go largely untaxed, so it's no skin off his back to argue that for estate taxes.