You dont think small businesses should have deductions for expenses ? Why even start a business then.
With a 15% tax, you don’t have to file for deductions.
If we reduce the amount of tax people pay, tax loopholes and shelters become redundant.
And that means by the way, companies can pay their employees more because they get to keep more of their income.
Everything has a positive multiplier effect.
Of course, those who benefit from America’s decline, will not like this tax plan.
It would become a cost of doing business. 17% of gross sales (i.e., income to the business) are reserved for taxes. It would apply to all businesses, not just small businesses. If this, plus the other expenses, aren’t covered, the business closes. There’s no allocative impact of the tax code like there is now because everyone faces the same tax.