Question by -Mewtwo-: If you ran a small business, would you want to hire people if the government taxes you on NO profits?
If you own a small business and want to hire people but new tax comes in stating you must pay a percentage on all your sales, profit or not, would that make you want to hire people or call it quits?
Lets say you ran a family business or a startup, profits were negative, does more taxes really make sense?
Answer by Stickboy
No, taxes on income is extortion.
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