Are small businesses in the U.S. regulated and/or taxed too much?
EVERYTHING is taxed too much IMO...
Legal Robbery is what it's called...
I had the experience of running a small business for a couple of years. The regulations at the local, county, state and federal level are both challenging and confusing. In many cases, the average joe must hire outside help to gain and stay in compliance. Many times you can find yourself in violation of something that you did not even know existed. In terms of taxes, small business is all about cash flow...cash flow is king when it comes to paying the bills and meeting a payroll. When government regulation and taxes begin to strain that cash flow with the bite it takes, you quickly head down a road toward business failure and there is no getting the brakes on. The shame of it all is that even when you can afford to deal with the government in terms of both regulation and taxes, the distraction of it on a daily basis takes away from the effort that the small business person needs to exert on just growing the business. Ultimately, the government creates an enviroment which chokes small business and in the end both the business and the government are losers. WB
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