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Furthermore, the more “progressive” the tax system, the more total taxation and regulatory overhead small businesses and individuals pay. If you compare the to
by _yid9 4y ago
Furthermore, the more “progressive” the tax system, the more total taxation and regulatory overhead small businesses and individuals pay.
If you compare the total compliance cost per dollar of gross revenue, small businesses pay 10x - 100x more than eg. WalMart or Amazon.
Book-keeping, accounting, etc. typically consumes 10%+ of small businesses’ gross revenue, vs. low single-digit percentage of the large businesses they compete against.
This is unlikely by accident - since it is these businesses that supply their lawmakers with funding, and often with the text of proposed legislation which primarily negatively affects their opponents in small business…