Do Small Business Tax Really Exist
Talk about anything at all remotely associated with a small business tax if you wish to get many an entrepreneur all riled up. It really is quite entertaining watching such people gesticulate wildly, sometimes foaming at the mouth, about how "government" puts so many onerous limitations on them, particularly in a monetary form. Businessmen and women, of course, are always crying poverty, so it really is no surprise that they should complain about some small business tax or other.
But it really is 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 intention of helping the small business person get his or her company 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 really is defined, there might be no such thing as a small business tax at all!
There are 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 can 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 will become another way to appear poorer than one really is - and, of course, bank the difference.
Yes, it is 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??
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