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Sales tax is not a tax on revenue, its a tax on purchases (paid by the purchaser). Perhaps you are saying business taxes should be non-existent, but in most pla
by ac29 6y ago
Sales tax is not a tax on revenue, its a tax on purchases (paid by the purchaser). Perhaps you are saying business taxes should be non-existent, but in most places they do exist.
Also, dont confuse revenue and profit. While some locales do have a gross receipts tax, taxing profits is much more common. This, in theory, incentivizes companies to pay out their revenues in the form of wages, R&D, building things, etc.