Small Business Tax Loopholes
July 15th, 2007
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Question: Don’t you think solution of Economy is by fixing current Tax Loophole then just raise Tax?
I think raise tax is not the best solution. They should instead fix current many loopholes in the tax system, such as many business no or less than their earn sales tax, foreign investor pay little tax in their investment here because they don’t file income tax like we do. illegal avoid paying all tax except sales tax. Regulating tax in internet sales such as Ebay. Very small % of ebay seller admit they put their earning in ebay into their income tax which it doesn’t had a statement like bank do.
Answer: Fixing loopholes might help some, but will not solve the problem since the government spends more than the taxes it collects.
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