What kind of small business do you think should not have to pay taxes and why is them not paying their share worth reducing the bureaucracy?
Comment on Do tax exemptions in America for certain organizations benefit society?
xmunk@sh.itjust.works 1 year ago
No, they do not. Tax exempt organizations shouldn’t be private and also exempt from government oversight. I do think that legitimate small businesses should be tax exempt to simplify beaucracy, though.
NoIWontPickAName@kbin.earth 1 year ago
xmunk@sh.itjust.works 1 year ago
I think that businesses below 200k annual income are probably not worth taxing outside of income taxes on employees. It’d probably spur small business entrepreneurship which I think is pretty healthy for market competition.
9point6@lemmy.world 1 year ago
Then a government would be incentivised to write policy to benefit bigger organisations and hurt small businesses. The government would make more tax revenue if they encouraged the bigger, taxable, orgs to crush the small business and absorb their previously non-taxable market share.
jeffw@lemmy.world 1 year ago
You do realize there are requirements for tax exempt organizations, right? Like listing funding, top earners, etc.?
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