OP acknowledged the amount itself is of course debatable, and is an entirely separate topic. Yet here we are, again. The concept of whatever you think is a valid argument is moot, a totally separate topic, and there’s no argument to be invalidated in the first place.
So what’s that he acknowledged? The amount is too low to be considered a valid argument.
Let us deduct all expenses related to living, and we will quickly learn that for majority of people there isn’t anything left to tax.
Or make a standard deductible for companies, let say $1M and any revenue above that has to be taxed.
OP acknowledged the amount itself is of course debatable, and is an entirely separate topic. Yet here we are, again. The concept of whatever you think is a valid argument is moot, a totally separate topic, and there’s no argument to be invalidated in the first place.