Eliminate Corporate Tax for small businesses with less than $5 million in gross revenue to support and encourage entrepreneurship.
With Trump opening the dialogue about ending Federal income tax we should all be trying to come up with ways to make that work. Elon running the operation to end the waste should get us closer to making this possible. It is ridiculous that if I want to give my employee a $500 bonus it costs me $700. I do not wish to give a bonus to the government just because my employee earned one! I think there could be a choice between writing a check (paying taxes) on income over a certain amount, OR volunteering to do something… like deliver farm bags. Sort of like the children’s theatre lets you sell items door to door to raise $ for them if you don’t want to write a check for your child to participate in each production OR you can just write a check if you are busy and can afford to just pay. If I do not see a similar idea posted separately I will post it.
Agree 100% . Need far more incentives to start small business versus all the regulations to punish us.