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by mayniac
2955 days ago
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I'm not entirely convinced by your line of thinking. Firstly is your sole motivation for your business financial? Because if so you may as well sell it, buy property and let it out, you'll earn a comfortable living and if you use a letting agent you can get them to deal with the renters and do almost zero work, bar having to file taxes once a year (and hey you can get an accountant to do that for you). Even ignoring that, is your business something that actually generates a lot of profit or are the margins small? Whatever you're doing you could invest the time into an ICO and make millions. Point I'm getting at is that very few people start a business solely for financial reasons, there's usually some level of passion involved. Secondly, why exactly would a high tax rate stop you expanding completely? You'll still be earning money, just less than before. And as the other commenter pointed out, someone else will step in if you don't, which could threaten your business. |
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You really think that the average small business person working from themselves are doing it out of "passion" rather than that's their best alternative? Many small business owners work as much as possible to avoid having to pay someone else, hardly ever take vacations, and if given the choice, I'm sure would rather work in a nice comfortable white collar job if they could make the same amount of money.