Thoughtson Biden's speech/plan?

[BFritz21]

(05-09-2021, 04:14 PM)fredtoast Wrote: You are the one who does not understand how taxes work.

Higher taxes do not stop people from staring businesses or growing their business to make more money>  It is better to make money and pay taxes on that money than not to make any money at all.

Also "wages paid" by an employer are "tax deductions" so an employer never has to make a choice between "paying taxes" and "paying wages" because "paying wages" reduces the amount of taxes paid.

Taxes are not a "business expense" because a company can make billions of dollars but as long as they re-invest that money in the company they don't pay any taxes.  That would include hiring more people to grow their business.  the only time a business has to worry about taxes is when they take profit out of the business instead of re-invest.

False.  You're the one who doesn't understand.

Not sure if you took any classes that covered taxes or employers paying taxes (I have associate degree in accounting), and I also took classes on business management, so I understand it all.

All income is taxed.

Even if employee wages are a write-off, employers are still making less if they're taxed more, meaning they'll just find ways to be more efficient and do things with less workers to off-set the taxes.  It seems like it would work, but individuals and companies aren't going to take the hit now just because it will hypothetically offset in the future, especially in the current times when people realize how quickly things can go bad, like they did with the Coronavirus.