Why put tax on businesses with the arising inflation on prices of goods
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: this_feature_currently_requires_accessing_site_using_safari
Government puts taxes on all goods to fulfil the needs of the country and run welfare programs. So, taxes must be paid on time. But tax on the essentials like food and medicine is seen as disproportionately burdensome to lower-income consumers, who are forced to pay a higher percentage of their income in sales taxes.Why put tax on businesses with the arising inflation on prices of goods
Government puts taxes on all goods to fulfil the needs of the country and run welfare programs. So, taxes must be paid on time. But tax on the essentials like food and medicine is seen as disproportionately burdensome to lower-income consumers, who are forced to pay a higher percentage of their income in sales taxes.
On the other hand, putting taxes on luxury goods is not a big deal for the wealthiest consumers because they can afford it easily.
This is absolutely pathetic especially to the businesses that are at the developmental stages , it would weaken their chances of survival.
An action needs to be taken by the government to reduce or eliminate such.