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This is a pretty standard government shakedown, done nationwide. Small businesses get hit with assessments annually on "property" values. Businesses with expe

This is a pretty standard government shakedown, done nationwide. Small businesses get hit with assessments annually on "property" values. Businesses with expensive machinery get hit really hard. If the assessor is not permitted inside a location, the assessor will assign an estimated value of property (which is usually higher than actual). Then, the business must go through an audit to show what property / equipment exists at their locations. One time, L.A. county looked to go as far as taxing taxing satellites orbiting in space, because the owners were based in the county. https://www.newscientist.com/article/dn1006-los-angeles-plans-to-tax-property-in-space/ https://www.newscientist.com/article/dn1006-los-angeles-plan... I don't believe this passed though. Businesses get hit with endless fees and taxes from the gov :(

onlyrealcuzzo 4y ago
> Businesses get hit with endless fees and taxes from the gov :( So do people. Show me businesses being taxed > 40% of revenue.
- Justin_K 4y ago
  I don't know where you came up with that number or what kind of point you're trying to make, so I don't have any examples for you. I'm merely referring to the myriad of taxes and fees you have to stay on top of as a business.
  - edmundsauto 4y ago
    Individuals' income taxes.
    - Justin_K 4y ago
      I guess it doesn't make sense to me to compare individual taxes vs corporate. They are completely different structures and rates.
      - bradknowles 4y ago
        But businesses are people, too! And if they are, shouldn't they pay comparable taxes?
        Justin_K 4y ago
        Why? Profits are taxed to the individuals that own the company. Should a corp pay 40%+ in taxes and then the individual pays another 40% of what flows down? Let's say a small to med size Corp profits 1M. Take away your theoretical 40%. Then another 10% for the state (CA as an example). Then 5% for property taxes. Then 5% for payroll taxes. You're now left with 400k that flows to owners. From that you take another 40 + 10% in income tax and you're left with 200K. An 80% effective rate would seem a high wouldn't it?
        vba616 4y ago
        You can make an argument, and I think many people have, that only rich people should be taxed and not corporations, because only some of the stakeholders in corporations are rich. But there are two questions that I can think of raised by eliminating taxation of corporations. One is, will the revenue be made up by increasing taxes on rich individuals; and, Two, how can we prevent wealthy individuals from using corporations to shelter their income from taxes, if they are all tax free? I'm not sure it is a simple problem. Plus, do the complaints about "double taxation" really make much sense in the big picture? Money flows around and around in the economy and gets taxed an unlimited amount of times in the long run. Maybe there are reasons for aspects of the current system that seem kludgy at first glance.
        bradknowles 4y ago
        If I, as a "natural person", hire someone to clean my back yard, then I expect to pay taxes on that income as it comes to me, and I expect the person I'm hiring to pay taxes on it as it comes to them. And if corporations want to "be people too", then they should be prepared to pay comparable taxes as "natural persons" do. Otherwise, corporations should be corporations, and people should be people, and you don't mix the two up.
  - InefficientRed 4y ago
    My personal tax rate is in excess of 40%.
- rad_gruchalski 4y ago
  Self-employed are technically businesses. So every self-employed in Germany. Progressive rate but ends up at 42%.
sofixa 4y ago
> If the assessor is not permitted inside a location, the assessor will assign an estimated value of property (which is usually higher than actual). Then, the business must go through an audit to show what property / equipment exists at their locations. Well isn't the solution here to just permit the assessor inside all locations? And i find complaining about fees and taxes companies have to pay a short time after governments directly demonstrated what companies are getting in return (Covid relief funds), on top of the less visible stuff like education, infrastructure, security, etc. really funny.

onlyrealcuzzo 4y ago

> Businesses get hit with endless fees and taxes from the gov :( So do people. Show me businesses being taxed > 40% of revenue.

Justin_K 4y ago
I don't know where you came up with that number or what kind of point you're trying to make, so I don't have any examples for you. I'm merely referring to the myriad of taxes and fees you have to stay on top of as a business.
- edmundsauto 4y ago
  Individuals' income taxes.
  - Justin_K 4y ago
    I guess it doesn't make sense to me to compare individual taxes vs corporate. They are completely different structures and rates.
    - bradknowles 4y ago
      But businesses are people, too! And if they are, shouldn't they pay comparable taxes?
      - Justin_K 4y ago
        Why? Profits are taxed to the individuals that own the company. Should a corp pay 40%+ in taxes and then the individual pays another 40% of what flows down? Let's say a small to med size Corp profits 1M. Take away your theoretical 40%. Then another 10% for the state (CA as an example). Then 5% for property taxes. Then 5% for payroll taxes. You're now left with 400k that flows to owners. From that you take another 40 + 10% in income tax and you're left with 200K. An 80% effective rate would seem a high wouldn't it?
        vba616 4y ago
        You can make an argument, and I think many people have, that only rich people should be taxed and not corporations, because only some of the stakeholders in corporations are rich. But there are two questions that I can think of raised by eliminating taxation of corporations. One is, will the revenue be made up by increasing taxes on rich individuals; and, Two, how can we prevent wealthy individuals from using corporations to shelter their income from taxes, if they are all tax free? I'm not sure it is a simple problem. Plus, do the complaints about "double taxation" really make much sense in the big picture? Money flows around and around in the economy and gets taxed an unlimited amount of times in the long run. Maybe there are reasons for aspects of the current system that seem kludgy at first glance.
        bradknowles 4y ago
        If I, as a "natural person", hire someone to clean my back yard, then I expect to pay taxes on that income as it comes to me, and I expect the person I'm hiring to pay taxes on it as it comes to them. And if corporations want to "be people too", then they should be prepared to pay comparable taxes as "natural persons" do. Otherwise, corporations should be corporations, and people should be people, and you don't mix the two up.
- InefficientRed 4y ago
  My personal tax rate is in excess of 40%.
rad_gruchalski 4y ago
Self-employed are technically businesses. So every self-employed in Germany. Progressive rate but ends up at 42%.

sofixa 4y ago

> If the assessor is not permitted inside a location, the assessor will assign an estimated value of property (which is usually higher than actual). Then, the business must go through an audit to show what property / equipment exists at their locations. Well isn't the solution here to just permit the assessor inside all locations? And i find complaining about fees and taxes companies have to pay a short time after governments directly demonstrated what companies are getting in return (Covid relief funds), on top of the less visible stuff like education, infrastructure, security, etc. really funny.