Suppliers to my business are already making plans to deal with an impending war on fossil fuels and a $15 min wage. My work life will never be the same. Got the worst call ever from my top supplier just now. 2021 will be way worse than 2020.
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I’m in the same boat! I work for a really small business that directly deals with doing construction for churches. They’re 90% of our clientele. And all of my cucked coworkers and my boss are lauding Biden and so excited. Dolts.
Ask your boss how that 39% tax feels after it gets raised.
Maybe you don't understand what really small business can mean. It can mean mom and pop sell antiques out of their basement on eBay and make 60k a yr. Or it can mean 1 owner 1 manager and 5 employees. To sustain that business you need to bring in over 1 million gross revenue and at least 200k net to grow yr over yr. If your the owner and have a good year you could easily lose nearly %40 your future growth to taxes, not mention if you sell that business you lose sht ton to capital gains now. Taxes stunt growth, everyone just maintains bc its too hard to jump a small business from 500k to 2 million to make the numbers and the long hours/hassel/debt make it worth it.