This is such a weird take. You get taxed on profits. If you don’t turn a profit you pay zero tax.
Oh, and payroll is not profit.
This is such a weird take. You get taxed on profits. If you don’t turn a profit you pay zero tax.
Oh, and payroll is not profit.
In California, an LLC pays $800/year taxes even on zero profit; you must pay for a business license tax, and you pay "property taxes" on the equipment and fixtures in your facility. (See: https://www.sccassessor.org/index.php/property-information/b... )
You also must pay for certain professional licenses, and pay for certain inspections. Just one example, I have to pay about $150/year for a "water backflow valve" inspection, even though our computer consulting office has no equipment that connects to the water supply.
But you’re right, running a business in the US sounds _terrible_. Condolences. My assumptions were based on institutions not being hostile.
None of that carries over to the blue collar world.
In the same category: “I can’t afford to pay more than minimum wage”
A bike rack out front. A change in the ratio of hand washing stations per employee. It's all "cheap", and most of it's good stuff that's easy to justify. But it adds up in a big way. And you let this stuff run for awhile and this is how that "authentic" taco stand or used book store you loved gets pushed out of business.