Does Small Business Tax Really Count As A Tax
Mention anything at all remotely associated with a small business tax in case you want to get many an entrepreneur all riled up. It’s quite entertaining watching such people gesticulate wildly, sometimes foaming at the mouth, about how “government” places so many onerous restrictions on them, particularly in a monetary form. Businessmen and women, of course, are always crying poverty, so it is no surprise that they should complain about some small business tax or other.
But it’s still astonishing, amusing, and ultimately infuriating that some of them should so persist in indulging their bizarre persecution complex. After all, the United States government has been giving one tax break after another for the past forty some-odd years already, all with the intent of helping the small business person get his or her business up and running and employing people, creating jobs and taxpayers for the economy.
If anything, the government continues to be steadily pro-business, regardless of which political party is in charge. In fact, depending on how it is defined, there could possibly be no such thing as a small business tax at all!
You can find so many deductions that could be claimed that it is unlikely any small business should be singled out for taxes, as the phrase “small business tax” would suggest. Practically anything could be claimed as a business expense, and let us not forget all of the write-offs allowed!
Believe it or not, a business that loses money can claim the amount lost against its tax liability, with the effect that this becomes another way to appear poorer than one really is – and, of course, pocket the difference.
Yes, it’s hard work running a business, and entrepreneurs deserve all the success they achieve. But let us not kid ourselves here; the streets are filled with starving entrepreneurs, okay? Back in the Eisenhower years, a Republican administration that was unabashedly pro-business, corporate taxes were at well over ninety percent – well over ninety percent! What’s all this hue and cry over today’s thirty-six, thirty-seven, -eight or -nine, then??