3 ms·
With all due respect, but comments like these make Steve seem out of touch with reality. Yes there are some strange business expenses deducted, but to make a t
by morgosmaci 13y ago
With all due respect, but comments like these make Steve seem out of touch with reality. Yes there are some strange business expenses deducted, but to make a tax on revenue would be so hostile to starting businesses that only large incumbents could survive.
- hga 13y agoIt's not unheard of, Washington state has one, to e.g. capture money from Boeing whatever the business climate is. Don't know if it has a floor to help startups, but it is thought that's one of the reason the state doesn't have all that many of them, especially really big ones, and why Microsoft moved there sometime after the point where they hired a professional CFO who was semi-horrified to find that prior to that whenever they had another 100K to sock away they'd just buy a US Treasury instrument.
- itafroma 13y agoThe City of Portland (Oregon) has a revenue tax as well, with a floor of $50,000, regardless of incorporation (so it affects freelancers as well). It was actually $15,000 until 1998, jumped to $25,000 for 1999–2006, then $50,000 since.