I assume some successful small businesses make over $400,000 year. Will they survive Biden tax hikes and increased minimum wages?

Answer 1

Most small businesses barely scrape by a doubling of the minimum wage and tax hikes will kill them 

Keep in Mind this is the government saying to private citizens”you need to pay more for your workers than they add in value and then we want to take more of what is left on top of that”

Why would anyone sacrifice and labor to start a business if the government will just take it all away 

Answer 2

$400,000 NET PROFIT AFTER DEDUCTIONS?

You think that's a small business, like "Jerry's Plumbing"?

And you're concerned about an increase of 1.5%? 

You morons keep repeating this crap yet forget the US survived JUST FINE when the upper bracket tax rate was 90%

Answer 3

The tax increase will be passed on to the customer via higher prices for goods or to employees via reduced benefits or wage increases.  Liberals have never been able to see the forest through the trees.  

Answer 4

If your profit is over $400,000 a year I'm sure you can absorb it.