[pc86]

> > ...allow them to form monopolies and starve SMBs?

> That is orthogonal, in fact SMBs would profit the most from reductions in corporate tax.

Is it possible that this is the root of the issue? Filing corporate taxes is 10x as complicated (and expensive) as even the more complicated end of personal returns. I've got 1099 income, sole-prop and LLC, schedule C, home office deductions, business car lease, backdoor Roth, business and personal itemized deductions, etc. I pay maybe $200/yr to my CPA for all the paperwork and filing, sometimes as much as $300.

In the past I was a partner in an S corp. We paid $5k+ every year for all the paperwork.

Reductions in corporate taxes would be beneficial to smaller shops for sure, but simplification might be the best thing for everyone. Corporate income is going to get taxed twice most of the time anyway (once at the corp, and again when it passes to someone as income) so there seems to be little need to incentivize anything other than reinvestment which already happens by it not getting taxed as income. A simple progressive tax structure based on profit with little that can be deducted outside of actual reinvestment would simplify things greatly.

[incrudible]

> Reductions in corporate taxes would be beneficial to smaller shops for sure, but simplification might be the best thing for everyone.

Indeed. Watch Amazon lobbying for a tax that you don't have to pay, but you have to pay for proving that you don't have to pay it.

[PoignardAzur]

Unless you have specific information, that "Amazon is doing this for evil" narrative is really forced.

If nothing else, I'd expect the tax increase to take the form of "same tax, but we take bigger numbers", so the cost of paperwork for small businesses would remain exactly the same.