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Not “like everyone else”. In comparison to an employee, a business owner has a vast array of tools available to them to limit taxes.
by anon7725 1y ago
Not “like everyone else”. In comparison to an employee, a business owner has a vast array of tools available to them to limit taxes.
- bawolff 1y agoIncome tax on employees is a tax on the business
- exe34 1y agoThat's right, if my income gets taxed more, it's my employer that could default on his mortgage.
- bawolff 1y agoYou are being sarcastic, but yes that is indeed how it works. Increased payroll taxes increases expenses for the business and if expenses increase enough business will go under. Wage taxes suck for the employee, but they are not the only party affected.
- exe34 1y ago> Increased payroll taxes increases expenses for the business The amount of disconnect from reality is staggering.