[woodbeez]

Business owners would also have to accept lower profits too in lieu of paying taxes

Please explain. Your gross employee costs go down by 20%. How would that result in lower profits?

[lewislynn]

Please explain. Your gross employee costs go down by 20%. How would that result in lower profits?

You're mixing employee costs with price reductions, they aren't directly related. The controversial possible 20% price reduction isn't entirely from the backs of labor. Labor wage reductions are only part of the total savings.

Reduced prices can result in reduced profits...

[Always Right]

Please explain. Your gross employee costs go down by 20%. How would that result in lower profits?

Embedded taxes includes all taxes. That means business owners would have to take less profit, but end up with the same take home pay because not income tax.