This outcome of years of hard taxing resulted in the government taking sides. The average taxes on small business is forty seven percent; a business that earns five hundred dollars will have to give a little less than two hundred fifty back to the government. In 2009 Exxon Mobile paid 15 million dollars in taxes and not a single cent of that went to the US government. The money went to other foreign countries. All the oil companies are in disbelief because Obama shut down the tax loop hole that allowed for 36 billion dollars to avoid the United States. The small businesses are left to pay more taxes. Small businesses are already not getting as much business as the bigger corporations; “they are failing at a rate of fifty percent” (U.S Census). Ninety five percent of the new businesses fail in the first 5 years and of the ones that make it out of the first 5 years will struggle with big business. In Port Clinton, Papa Jimmies was a business that thrived for the first two years, but they couldn’t stay open due to higher taxing; as a result the larger chains chasing them out of business. The cost in the long run was too much to stay …show more content…
If you buy through a big business it is more likely that the money will never make its way back into the community and just back into another big business. Civic Economics conducted a study of four shopping chains and three food chains; Barnes & Noble, Home Depot, Office Max, Target, Darden, McDonald’s, and PF Chang’s. A lead researcher of this study, Dan Houston, found that, “choosing a locally owned store generates almost four times as much economic benefit for the surrounding region as shopping at a chain” (Houston). This is money that goes back to small business and not to large chains then just disappears, the few guys on the top of the large chains will pocket all the money that disappears from local economies. This study also found that the local retailers return an average of fifty two percent of their revenue to the local economy, compared with just fourteen percent for the chain retailers. Similarly, the local restaurants re-circulate an average of seventy nine percent of their revenue locally, compared to thirty percent for the chain eateries. “When you spend your money locally, four times more of your money stay and support the community than if you were to spend that money at a chain” (Houston). It is worth the time and money that is needed to keep the money local because it will benefit the community. If more people have more money they