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RE: Oct 15 final 2017 tax deadline: Share your tax horror story with BlockTrades

in #blocktrades6 years ago

tax is the biggest asset of every country, it is possible that the current administration needs a lot of funds so that every year taxes are always raised, this is what makes entrepreneurs like you headaches, but if your income is still maximal it doesn't matter, what matters is your business is smooth just fine.

I enjoy your horror tax stories, maybe even in your country is increasingly detrimental to entrepreneurs. because your president Trump came from businessmen, and he also saved a lot of horror stories.

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It may be counter-intuitive but just having a "business-minded" guy as president or a "business-minded" congress doesn't necessarily lead to a simpler tax code. In practice, most politicians in either of the two real political parties are actually very similar in their behavior, due to the way our political system is set up. It forces them to respond to pressure from rich people and corporations when passing laws.

And while you might think these rich people would be pressing for a simpler-to-compute tax system, it's actually the reverse. A simpler tax system would likely result in a fairer tax code: instead they lobby for a very complex one with many loopholes by which the rich can pay relatively small amount of taxes, but make it not apparent to the middle-class exactly what is going on.

Maybe my mind is a little different. Regarding the tax issue, there are many that are not suitable, so that many entrepreneurs run away from taxes by receiving high risks.

Thank you for your explanation