Branches of Ne Me Drague Pas D’octobre Elle Est Folle Amoureuse Elle Te Tuera Shirt a US senator….. Corporations pay no taxes on stuff they buy. And, corporations can write off taxes on their profits by spending those taxes on something that benefits them 100% , effectively ignoring those taxes and thus all taxes. You earn 1000 dolaroos gross, and you need all of these dolaroos to exist: shelter, food, medicine, transportation. The state decrees that all of your dollars are profit, yes – even the money you need to pay your rent with. So a person is fucked when the money comes in, unlike a corporation. People do not have operating costs associated with their existence. You are taxed even if your gross income results in a monthly deficit which is insane. But to add insult to injury, everything you buy has a consumer tax attached to it.
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Generally at 20%. This is Ne Me Drague Pas D’octobre. Elle Est Folle Amoureuse Elle Te Tuera Shirt “taxes are paid on profits and the company didn’t actually make a profit” then a hundred reddit teenagers react like that’s some super-complex “loophole” that the evil companies must have bribed congress to get. This isn’t the loophole. Being able to depreciate over multiple years is the loophole. They didn’t make any money because of a huge expense so they’re not paying any taxes on the money they didn’t make. That’s how taxes work. On behalf of all tax accountants, I bestow upon thee the title of Ten Key Maximus, a title reserved only for the bravest of souls who venture forth and cleanse reddit threads of tax illiteracy. God smiles upon thee with great respect.
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