Quote:
Originally Posted by Ozy_Flame
Are we comparing personal carbon tax impact against net income small business tax? You'll have to explain yourself.
Also, please explain how "lower taxes on income on the least important level possible" isn't a direct shot at small business owners with lower profits than larger busineses? I'm re-reading that statement 10 times over and I can't see how that's not offensive. You're basically saying that small business and the income they generate doesn't matter.
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1. Yes. When I said 'Shell game' its because this is a 'bait and switch.'
The Carbon tax will have a significantly higher impact on your business unless you're right up against the 'Small Business' cap and even then it depends on the nature of the business.
The maximum benefit of the 1% tax-rate reduction is $5K.
2. The 'Least Important Level Possible.'
This is because Corporate taxes for small businesses are lower than personal taxes. Anything under $500K gets reductions.
The whole rhetoric of 'Tax the Rich, spare the Poor' stems from this.
The rich pay small tax rates on their incomes and leave money in their companies paying tax on it at much lower rates. The Government gets their bite at the cherry when that money has to move from the Company to the individual.
Because the Corporate rate is lower than the Personal rate. This is their design.