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petermclarty.bsky.social
did:plc:tkfphwqasc26esr64zfetl4f
We need to look far beyond the headline tax rate for any businesses. Business has a simple model. Sell something, remove expenses from money obtained, pay tax on left over. If through various guises, the leftover is close to zero, then while the tax rate might be 40%, it's nothing on the leftover.
2025-08-18T19:32:29.610Z