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Re:Andreessen on Crypto by luma on Sunday June 27, 2021 @08:34AM (#27651072)
Is there someone out there campaigning on "increase taxes on small business"? I think this is a strawman, "tax the rich" doesn't mean "tax the corner baker".
Re:Andreessen on Crypto by jhauris on Sunday June 27, 2021 @08:46AM (#27651153)
Nobody says "let's tax the corner baker", but often will advocate for tax policies that would negatively impact that baker in the name of taxing the "rich".
Re:Andreessen on Crypto by inglor_cz on Sunday June 27, 2021 @09:15AM (#27651327)
IDK how is it in the US, but where I live, additional regulations are more of a burden than taxation per se, and compliance with new regulations is usually easier for established big players than for the corner bakers.
Re:Andreessen on Crypto by TiberiusC on Sunday June 27, 2021 @09:45AM (#27651523)
This is true in the US too, but reducing taxation is easier than reducing regulation. That said the same rings true for regulation as it is predominately a weapon used by the left
Re:Andreessen on Crypto by TiberiusC on Sunday June 27, 2021 @08:45AM (#27651146)
the corner baker is a llc last I checked
Re:Andreessen on Crypto by luma on Sunday June 27, 2021 @09:48AM (#27651550)
Meaning? You do realize corporate taxes are also marginal, yes?
Re:Andreessen on Crypto by TiberiusC on Sunday June 27, 2021 @09:57AM (#27651601)
Marginal for you, but not for the baker. Unless you too think 21%(+ about 9% in Cali) isn’t marginal. That doesn’t include all the misc taxes which push your overall rate of doing business closer to 50%. That’s just the llc(baker) rate