Software firms across US facing tax bills that threaten survival
I have a hard time understanding why this so bad and the article does nothing to explain it.  As I understand it companies only pay taxes on their profits, which generally speaking is what&#x27;s left after expenses, including salaries, are subtracted.  If that&#x27;s the case then why would higher taxes on profits force a company out of business or to layoff staff.  If anything layoffs would tend to have the short term effect of increasing profits, which would only further increase taxes.<p>I can understand how a sudden unexpected change to the tax code could catch people off guard and cause short term problems but overall I don&#x27;t see why this particular change should be so devastating once any transient effects have been absorbed.