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If we make a dollar and pay federal and state income taxes and then start a new business and buy a new piece of equipment, then add sales tax on top of that. Then we pay property tax on that equipment for 5 years as we depreciate it on our tax report. Sure you get a write off for the depreciated value, assuming your business makes a profit. The result is that only 1 in 5 new businesses lasts 5 years.
If we make a dollar and pay federal and state income taxes and then invest it in a home by buying a new piece of lumber, then add sales tax on top of that. Then we pay property tax on that lumber year after year forever. The result is the government gets almost half or more of every dollar we make. When the governments take well over half of everything we make, then this country will cease to be the great economic power that we are.
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