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I-need-ur-dick-pics t1_j7dmfet wrote

Wow 11B in tax on income of 283B. That’s less than a 4% tax rate.

And here I am paying 15-20% like a schmuck. Fuck everything about this.

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t3e3v t1_j7dnrmt wrote

I think its most fair to look at their profit after expenses, 11/75 B. That's still only 15% though.

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ChrisFromIT t1_j7dthb9 wrote

You are making a huge mistake on mixing up income vs revenue. The reason why businesses are taxed on income(profit) is because taxes on revenue could cause a business to go out of business and it really disincentives reinvesting profits into the company which leads to more employment either directly or indirectly.

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DataMan62 t1_j7jfbv3 wrote

Individuals should be able to write off expenses, too! My salary is revenue, not income!!! I have 0 income because I spend it all, just like a business tries to report on its tax return.

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Obvious_Chapter2082 t1_j7dpuml wrote

It’s a 14% rate on their pre-tax income. Also, this isn’t even the income tax they actually pay, income tax expense is a different measurement

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GasolinePizza t1_j7f321c wrote

^ This is why Reddit has a stereotype of being economically and financially illiterate

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