5 ms·

alright so 1% of $1MM is 10,000. amazon has revenue of $457B. 1% of that is $4.57B. so, while amazon might be able to keep $4,570,000,000 in profit, not sure

alright so 1% of $1MM is 10,000. amazon has revenue of $457B. 1% of that is $4.57B. so, while amazon might be able to keep $4,570,000,000 in profit, not sure your small business owner making $1MM in revenue will be ok with $10,000 in profit.

lotsofpulp 5y ago
This is an argument for marginal income taxes, which we already have. Perhaps the brackets need to be adjusted, but there is a system that already tries to reduce the burden of an entity earning much less than another.
- landemva 5y ago
  It is also an argument for repeal of personal income tax. The feds can print money to bail out the banksters and fund forever wars, so they can also relieve me of the burden of the personal tax compliance headaches and drop the personal income tax.