Ponting out that you do not even understand the importance of small business in our economy is sputter?
I do not think so
Your opinion is not content. It's hot air. Sputter.
You got squat.
How can you criticise me for not being relevant to the point when you try to change the point of discussion with each new post ?
More sputter.
In this post you state the point of discussion is whether or not small business are drivers of employment
I responded and proved unequivocally they are drivers of employment, once again proving you an idiot who does not understand the first thing about economics
My post was a direct rebuttal to your statement
The specific topic is whether closing loopholes that allow small business owners to write off a crazy amount of stuff would impact growth.
That means we are talking about a segment of small businesses and not all of them. Specifically the segment which both uses those loopholes AND which drive growth.
The point I made was that this segment is minescule. The businesses it applies to are not driving growth because they are not growing themselves. We know that they aren't because they aren't doing the things that growing businesses do.
Specifically they are not plowing their income back into the business as you would expect any company to do.
For a specific example any company that rolls money into passive investments by definition thinks its own cost of capital is lower than the stock market. But cost of capital should be much higher for a growing small business, its opportunities should be much more rewarding than the publicly traded market by definition.
So those who use that loophole are not growing the economy, they are parking employment income in a fake small business in order to game the tax code.
Thus your references, which discussed the undisputed contribution of all small businesses, are totally irrelevant to the discussion of this non growth segment targeted by the specific change in the tax code we are discussing.
In response rather than admit you were wrong, you say unless it is about tax loopholes it is not relevant to the conversation ???
WTF ????
The discussion is about the tax code change twit.
WTF ??? again
So your old trick of trying to redefine the conversation when you are shown to be economic fool is still not working
You remain an economic fool
Fuji the Fool
proving you to be an idiot is hardly sputter.
All sputter.
Growth is not the determining factor when examining the employment impact of small business
Yes it is. A non growing business is stagnant and by definition not creating jobs.
A small 10 person business may only add one or two hires every 3 or 4 years, but they are keeping 10+ people employed year after year after year
That's a business growing at 4%, it would be better for the economy to shutter it and redeploy that capital to larger corporations which grow faster than that. More jobs would be created that way.
A small business should really be growing three times that fast, and the good ones are (or plan to be).
You most certainly did claim small business are a not important part of Canadian Job creation
I most certainly did not, your inability to read and comprehend English is your problem. I said the small businesses that claim these tax loopholes don't contribute to growth. Not all.
God damn you are arrogant
That's because I'm smarter than you and I know it. I'm arrogant because I'm used to being right.
Again growth is not the determining factor when debating if small business is an important part of the Canadian economy.
No one is debating that. We're debating the elimination of some specific tax loopholes.
one of the linked articles is titled Small Businesses will Reclaim the Driver’s Seat Behind the Economic Engine, so yeah here is growth there
Relevance?
the proposal will make Income sprinkling illegal and will impact family business where the wify and kids do legitimate work. Those business will see a huge increase in their tax burden
It'll eliminate fake companies where people split what is really their own income between multiple people. I know. I used to run a small business and I did it. I made everyone related to me a shareholder, claimed almost everything I did as an expense, "hired" my girlfriend and my brother and overpaid them for the work they did, all so I could get the income I actually earned out without paying the same taxes as I would have otherwise. And all that's perfectly legal and passed audits.
That's what needs to be shut down.
Those who are evading taxes should be audited and prosecuted under current law.
It's not illegal. These are legal loopholes, audits will just confirm that people are using them to avoid taxes but until you change the law that's not illegal.
The proposal will create a lot of collaterial damage for law abiding hard working small business owners
You know the ones about to Reclaim the Driver’s Seat Behind the Economic Engine
Sputter.
Bullshit
Have you ever been audited ?
Yes. Both in my own business and I've participated in audits for various large employers.
Says the king bullshit artist
What are you going to say is the point of the discussion in you next post?
More sputter.
