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your ability to buy a chainsaw is defined by your revenue, not profit. if you spent all your money you'd pay zero income tax. One can argue that higher income t
by perfunctory 15y ago
your ability to buy a chainsaw is defined by your revenue, not profit. if you spent all your money you'd pay zero income tax. One can argue that higher income tax will actually encourage you to spend more.
- maratd 15y agoIf a sole proprietorship (i.e. one man operation) spent all its revenue on the business, the owner would die. Food is not a business expense. Neither is clothing, rent, car, etc. Don't confuse corporations with a large payroll with people who are self employed. > One can argue that higher income tax will actually encourage you to spend more. A higher income tax will actually encourage you to live in a cardboard box. You will have to purchase that box, so in that way, I suppose you're right.