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Dennis
Richter
(Republican) State Senate Candidate Legislative District 1 |
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The B&O ("Business and Occupation") Tax Summary The most-onerous tax placed upon business is the B&O tax. This tax is levied upon gross receipts. So even if a business does not make a profit, the owner must still pay this tax. It is recognized that businesses use public infrastructure - but it is difficult enough to start and run a business without having to pay this tax. Proposal Abolish the B&O tax forever. Business owners have to pay sales tax and other taxes just as the rest of us do. Why punish people for running a business and providing jobs for others? |
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10/27/2008