[koolba]

> Oh you made $20 million off that vet clinic? You owe $19 million in taxes.

This type of myopic thinking is how you get asinine policy like the ACA “cap on profits”. Instead of incentivizing an efficient operation, we’ll have some other accounting shenanigans to pass on profits as some other form of income.

[bongodongobob]

It's an exaggeration of what progressive taxes do. I'm not suggestion 95% of profits should be lost to taxes at 20 mil.