The lower the net income reported, the lower the tax. Hence entrepreneurs attempt to expense everything and report the lowest income possible. This makes them card carrying enemies of the government. Our view is that citizens should be encouraged to make as much money as possible. And that they should not be penalized for their success.
Wage earners are a different story.
The poor W-2 earner is standing naked at 1040 time, no deductions for business, and a higher bracket grabs more of his or her raise at tax time. Okay, here is a real tax plan that would take some courage on the part of George W. Repeal withholding. If government services are worth the cost, let everyone write a monthly check along with their cable bill. And then the true cost of government will be obvious. Tie government spending to the growth of the economy.