@YoBuckStopsHere@lemmy.world to politics @lemmy.worldEnglish • 5 months agoDozens of Texas businesses back challenge to abortion ban: ‘This is why our economy is taking a hit’thehill.comexternal-linkmessage-square53fedilinkarrow-up1375arrow-down14
arrow-up1371arrow-down1external-linkDozens of Texas businesses back challenge to abortion ban: ‘This is why our economy is taking a hit’thehill.com@YoBuckStopsHere@lemmy.world to politics @lemmy.worldEnglish • 5 months agomessage-square53fedilink
minus-square@gravitas_deficiency@sh.itjust.workslinkfedilinkEnglish9•5 months agoYeah but you can only squeeze the normies so hard until they just stop buying shit, and THAT hits the bottom line quite directly for businesses.
minus-squareares35linkfedilink7•5 months agobusinesses in texas have a gross receipts-based franchise tax instead of a traditional corporate income tax based on net income or profit. they also, of course, do pay property and sales taxes, just like individual people do.
minus-square@roofuskit@lemmy.worldlinkfedilink1•5 months agoWait, businesses don’t pay property or sales taxes? Since when?
minus-square@Encode1307linkEnglish2•5 months agoOk ok they do, but property and sales tax incidence falls much heavier on individuals than businesses.
Those are paid by individuals, not businesses
Yeah but you can only squeeze the normies so hard until they just stop buying shit, and THAT hits the bottom line quite directly for businesses.
businesses in texas have a gross receipts-based franchise tax instead of a traditional corporate income tax based on net income or profit.
they also, of course, do pay property and sales taxes, just like individual people do.
Wait, businesses don’t pay property or sales taxes? Since when?
Ok ok they do, but property and sales tax incidence falls much heavier on individuals than businesses.