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/biz/ - Business & Finance

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14080078 No.14080078 [Reply] [Original]

Wait, so I have to pay taxes on my full income, but corporations only pay taxes on their profits?

But when it suits them, corporations are people too??

This is so fucked up, how do we solve this issue? I think people should only have to pay taxes on their net yearly profit.

>> No.14080101
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14080101

>>14080078
>>how do we solve this issue?

>> No.14080134

>>14080078
It makes more sense when you think in terms of capital gains. Individuals pay tax only on their net yearly capital gains (gross capital gain minus gross capital loss). Now, if you consider all spending done by a corporation to be a capital expenditure (i.e. "capital loss"), then its profit is equivalent to net capital gains.

>> No.14080216

>>14080078
Kek, of course income tax is insane, you're figuring that out now mate?

>> No.14080265

Save your receipts, consumer, and deduct everything. NOW YOU CAN BUY MORE SHIT YOU DONT NEED NEXT YEAR. FUCKING SHEEP

>> No.14080305

>>14080078
That cat is long dead. I miss the companionship while I masturbate.

>> No.14080329

You do get to take deductions from your taxable income.