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You mean lower, and that even less than 10% run businesses that don't end up broke before 5 years.
That's fiat for you.
Of course you can't make a living if you wind up paying over 60% of your income indirectly or directly to taxes. And then 30% will be eaten away by inflation.
It's incredible the audacity of the people doing business under the cloak of government these days. I mean, how can a society have any justice or wealth when such rampant thievery is legalised??? They aren't just after a few percent of your profit. They want everything, and if you'll give up your first born they have that too.