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> How would the government be able to know the income and deductions for small businesses Determine the amount of average deductions for small businesses, benc
by op00to 1y ago
> How would the government be able to know the income and deductions for small businesses
Determine the amount of average deductions for small businesses, benchmark against however much money you want to extract from small businesses, then give all small businesses a blanket standard deduction.
- dh2022 1y agoI personally have a problem with "benchmark against however much money you want to extract from small businesses"... So a hard NO from me.
- dyarosla 1y agoHow do you think tax rates are determined…?
- op00to 1y agoYou have to balance the books somehow. I'm not saying "pay for forever wars on the backs of small business owners." I'd like to see a personal wealth tax of 80% of any wealth over a certain benchmark ($50,000,000 maybe?), and 80% profit taxes for any companies with more than $1 billion in net profits. In my ideal world, small business owners should not really have to pay much in taxes, with the largest companies paying the lion's share.
- twoodfin 1y agoYes, this argument is all about the tension between ease of filing and the complexity of the tax code. It really has very little to do with TurboTax lobbying, but that’s a framing that sells.