It's above 95%. And the claim is not that they don't "pay income taxes" period, but that they don't pay their full income taxes based on actual income, using all kinds of legal, semilegal, and even illegal, schemes.
Sure, income is revenue minus expenditures so the easiest way to avoid income (and income taxes) is to just spend everything you make.
Which is what the parent of this thread was saying.
The consequence is that in bad times, the company has to borrow (if it can) or goes bankrupt. Which happens often. We don't generally shed tears over this kind of thing, but this story points out the human tragedy that passes when individuals follow the same strategy.
Personally I kinda feel a little meh about the subject. My heart goes out to every struggling business(wo)man - it's hard to make it on your own. But farmers are especially insulated against market forces by a giant morass of subsidies and land use regulations. They're already getting a much bigger handout than they deserve.
>Personally I kinda feel a little meh about the subject. My heart goes out to every struggling business(wo)man - it's hard to make it on your own. But farmers are especially insulated against market forces by a giant morass of subsidies and land use regulations. They're already getting a much bigger handout than they deserve.
Smaller businesses yes.
Big businesses get even more subsidies than farmers -- and not just subsidies.
