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/biz/ - Business & Finance

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22878618 No.22878618 [Reply] [Original]

WHY DO WE AS INDIVIDUALS HAVE TO PAY INCOME TAXES FROM OUR GROSS INCOME BUT MULTIBILLION DOLLAR BUSINESSES ONLY PAY TAXES ON THEIR PROFITS, MEANING THEY CAN PAY ALL FROM A COUPLE HUNDREDS DOLLARS TO ZERO IF THEY JUST INVEST THEIR PROFTS?!!!!
SHOULDN’T WE BE TAXED ON OUR SAVINGS OR WHATEVER IS LEFT OF OUR INCOME FOR THE MONTH INSTEAD?!!

IT’S NOT FUCKING FAIR

>> No.22878647

>>22878618
just become a tradie they do this shit

>> No.22878650

>>22878618
Hey kid wanna a federal building?

>> No.22878655

(They) made it this way

>> No.22878673

>>22878618
>have to pay income tax
>have to pay council tax
>have to pay inheritance tax
>have to pay road tax

G-god bless the Queen!

>> No.22878850

>>22878618
Because otherwise small businesses don't have the chance to even fucking start.
>Invest initial money on a place, equipment, staff etc
>That year you make money that pays off 50% of said investment
>"Oh shit you need to pay taxes because OP says so, have fun filling bankruptcy lol"

>> No.22878981

>>22878618
Because you don't put anything up, so it's all profit. Everything related to your job is paid for by someone else.

>> No.22879000
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22879000

>>22878618
come home disenfranchised man

>> No.22879067

>>22878850
let businesses keep their current tax structure, just give us regular guys the same. Let us write off food, rent/mortgage and utilities, and then pay tax on the remainder. Thats fair

>> No.22879188

>>22879067
Agreed....Trump doubled the standard deduction but its really should be 20-25000 and increasing with inflation. Thats what you need to live

>> No.22879197

>>22879067
too bad you cant spend $200 and become a corporation yourself. too bad thats not possible. too bad you didn't even think of it. too bad you were raised to think of yourself as an employee.
too bad

>> No.22879241
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22879241

>>22878650
Were gonna all of society

>> No.22879328

>>22878618
1) start a business
2) reinvest all your profits

And voíla

>> No.22879417

>>22878618
OP is correct, the supreme court made corporations people so they should be paying the same taxes.

>> No.22879513

>>22878618
You can take a standard deduction which will offset a lot of your taxable income. You can also deduct business expenses if you own a business. The point is to allow companies to keep money working in the economy. If a company ever wants to realize its profits, it will be subject to taxation.

>> No.22879567

>>22879417
Corporate profits are taxed at a higher rate than individual taxes, because they're subjected to double-taxation at the corporate and individual level. Why does writing off valid business expenses and losses trigger retards so much?

>> No.22880130

>>22879197
get a load of this bootlicker

>> No.22880259

>>22880130
>taking advantage of existing systems and structures beyond your ability to change is bootlicking
You have a very severe case of slave mentality.
Good luck.

>> No.22880321

>>22878618
so open an LLC and funnel all income through there sir. while you're at it, D some R on BELLA

>> No.22880402

>>22878618
Because corporate socialism is enforced by republicucks. Trump paid $700 in tax and coping faggots here still think he's out to get the jews.

>> No.22880408

>>22879513
No lol

Netflix profits about $700-800mil each year and pays $0 in taxes. It's a rigged game used to fuck over the lower/middle class

>> No.22880554

>>22880408
Have you ever considered why these corporations pay less beyond "it's rigged?"

>> No.22880650

>>22880554
>make $bn revenue/year
>take that and pump up your stonks
>company pays 0 tax
>investors pay 0 tax
>this is not rigged for the wealthy

>> No.22880764

>>22878618
Because the progressives say
>Isn't it unfair that people can make $100,000 dollars while you make $50,000?
>He shouldn't have all that money. It's not good for society. We should tax his income for the good of society.
>He gets a 35% income tax on all his income! Bam, now he's got only $65k!
>Btw, you also get a 24% income tax. Enjoy paying less than he does in tax; you earned that money and he's getting screwed!
And then smarter people say
>Wait, won't the economy eventually lock up if nobody really has disposable income?
>Let's add some incentives so people get rid of their cash by investing in businesses, since they'll actually cause more people to get jobs
>Capital gains tax rate
>Business cost deductions
>Interest deductions
>Charitable deductions
And so it becomes far more beneficial to the individual to start a business and leave their income in their businesses.

>Try to lower individual tax rate
>THEY'RE WORKING FOR THE RICH
>DON'T YOU DARE TOUCH THE TAX RATES!
While individuals who don't have the inclination, knowledge, or simply confidence to start a business get screwed.