Taxes on small business make it extremely difficult to hire additional workers and accumulate wealth. Meanwhile mega corporations pay 0 taxes. The deck is stacked against us...
And the Wuhan virus shutdown is gutting the small businesses that aren’t essential.
“Taxes on small business make it extremely difficult to hire additional workers and accumulate wealth.”
In other words, the small business is operating at/close to the point where a dollar of cost (including taxes) gives the greatest return/profit on that dollar. Any additional business expansion using a dollar of profit earned would give a lower return if the business were expanded. Therefore, it would seem easier to take some of that profit and invest elsewhere for a better return rather put it back into the existing business at a lower rate of return, until the taxes are lowered.
A bigger more immediate concern for all is the ability of the government executive branches unilaterally to shut down small businesses indefinitely for “public safety”. Taxes is a lesser concern now, since the business isn’t operating. And what faith does one put in the government won’t do it again in the future. Small business needs to rethink its business plan on how to stay alive during these things.