Income tax rates are progressively in the majority of countries, with higher earners paying a larger amount of their income to the government than smaller earners. Why isn’t this done to support small businesses? Large companies do just fine with higher tax rates but it’s small businesses that keep the economy alive so they should get a lower tax rate to support them shouldn’t they? Or is there an underlying economic principle that doesn’t allow this to work.
P.s sorry about the yap
In: Economics
Because of capitalism. Who has the money makes the rules. Why would the corporation lobby for a bad position for themselves?
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