It’s hard enough to open and mantain a business in this economy and then came the pandemic, and now inflation is roaring. But also small businesses are riddled with compliance and taxes: income tax, employment taxes, sales tax, property taxes, federal, state and municipal filings. Cost of hiring and mantaining employees, accountants, lawyers- its too much for many.
They should raise the threshold for all the taxes and filings. Let small businesses take off before weighing them down with government compliance and taxes. I mean, any business making less than 1,000,000 a year shouldnt have to pay separate taxes- have the individuals pay under individual rates. Any business with less than 50 employees shouldn’t have to comply with the excessive IRS filings, or pay the same employment taxes than a company with 5000 employees.
Government should be overseeing the big fish and leaving the little guys alone, to do their thing: grow their small business.
Excessive regulation is a business killer!
Biden admin has created more layers of bureaucracy bs than what is ever necessary. I think small businesses need extra support- in whatever ways government or lack of it- can achieve, but I am skeptical that eliminating all taxes would be good for the country. So I kinda agree, but kinda don’t. We are in so much debt right now, our country will have to pull our collective belts tighter to get back to a place of security and prosperity. It’s such a shame.
Please consider my proposed Amendment.
Have you guys heard about NESARA where all tax is being taken away except 14% on new, non-essential items? I think NESARA LAW, signed by Clinton, but never disclosed to The People, will take care of a lot of this. I totally support ending taxes.
All these different “taxing proposals” have the same flaw, they are subject to Administrative change. Repeal of Amendment 16 eliminates the possibility of Administrative changes. Any form of direct taxation would be illegal. Repeal of Amendment 16 returns equally and choice to the Citizenry. Choice is the key.