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There are many issues that are important to Smugwumps, but today
I'll list some of the more prominent ones:
- Smaller government: A smaller government needs less tax revenue.
Smugwumps want to put the government on a diet, and vote for candidates
who subscribe to the KISS philosophy - keep it small, stupid.
- Lower tax rates: As I've said before, it's redundant to say undercapitalized
small business. Our capital options are extremely limited, and high
tax rates deplete our precious working capital disproportionately
to big businesses that have many capital sources. In the world according
to Smugwumps, the government will have all the money it needs when
taxes are collected at low rates on high production. Smugwumps vote
for candidates who vote for and deliver lower tax rates.
- Simplified tax code: Small business owners spend too much time
and resources complying with the current tax code. The IRS estimates
that businesses spend 3.4 BILLION hours annually complying with
the current tax code. That's the equivalent of 3 million people
doing nothing but tax stuff for a whole year.
The current tax code abomination hurts small business disproportionately
because we can't afford to have people doing unproductive things.
Smugwumps vote for candidates who think those 3 million people could
spend their time more productively, like making a product or delivering
a service.
- Fewer regulations: According to the Office Of Advocacy at the
SBA, big businesses spend over $3,000 annually per employee complying
with government regulations. Buckle-up small business owners because
that number is double for us. We spend over $6,000 - per employee
per year - complying with government regulations. Talk about disproportionate!
Still think you don't want to become a Smugwump?
One way to tell if candidates are compatible with Smugwumps is
if they have ever owned a business and made a payroll. This test
is not always accurate, but it usually is.
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