Entrepreneurship and Taxes

Entrepreneurship and Taxes - http://smallbiztrends.com Avatar Posted by iya.villa under Taxes
From http://smallbiztrends.com 3937 days ago
Made Hot by: Monsieur Eraser on December 10, 2010 10:48 pm
Economic theory suggests that progressive income taxes discourage entrepreneurship. Glenn Hubbard of Columbia University argues that our tax code, which takes much of your money if you take risks and succeed, but does not share your losses if you take risks and fail, discourages people from taking chances. And, as many of you probably already know, working for yourself is risky.






Comments


Written by mikylla.tan
3924 days ago

My opinion regarding entrepreneurship and taxes, I think if someone wants to start a business, he or she will do it regardless of tax rates. But it is inevitable that higher taxes makes it very hard for entrepreneurs to re-invest in their businesses.



Written by jewel.davis
3930 days ago

Very good article Miss Iya. There are a lot of reasons to not raise our taxes and small business development is certainly one of them.



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