If they earn more, they must reinvest or pay more taxes. Clearly they cannot always afford to forfeit revenues. Even along the most successful business districts in WNY, merchants say they sacrifice their quality of life and patiently wait for economic success. Thousands of them wait for the right season, the right reason, the right event or the most equitable solution to satisfy their current woes. And through it all, they still pay their taxes.
Taxes are the noticeable killer in our local economy.
Mom and Pop retailers rely on to survive, the local residents. Taxes will continue to eliminate small businesses from the local landscape altogether unless we stop the madness. Just look around. The domino effect will continue and housing values will plummet in certain neighborhoods all the while tax increases will be imposed on Mom and Pop retailers and residents in every municipality to make up the difference. Taxes are out of control at the local level and must be reversed now.