Yes, really. How old are you btw? Do you have a full time job? Have you ever done a tax return?
I live in New Zealand. We don’t do tax returns here. Our taxes are automatically deducted from our salaries.
You might want to go see an accountant asap and get them to add some deductions for the last few years ;).
If I lived in Australia and if I had kept the receipts for every item I bought that I used at work and if the deductions of all those things would make a measurable impact on the taxes I paid I would do that.
Revenue != income, first and foremost. Revenue is total earnings from sales of services and products by a business. Income/profit is what a business is left with after expenses (and other things we don’t need to get into) are deducted.
Revenue is income. Income is not profit. Surely as an adult who has filed taxes you know this.
Do you see why what you’re saying literally does not make sense?
Ok then why can’t I deduct all my expenses for living and pay taxes only on the amount left? If a business gets to deduct the equipment they buy then I should be able to deduct all the food and clothes that I but. If a business gets to deduct their utilities I should be able to deduct my utilities. If a business gets to deduct the amount they pay employees and contractors I should be able to deduct any money I pay to tradies.
Why should I be punished for paying taxes on all my income while a business pays only a tiny percent of their income?
Tax is automatically deducted from our salaries here too, but you still have to lodge a tax return every year. This is where you claim all your deductions from the previous 12 months.
Revenue is income. Income is not profit.
Definitions matter. Google the definitions of revenue and income in regards to businesses.
I should get to deduct utilities
Guess what? You can if the utilities are used for your work, such as working from home.
As for the rest……did you miss the example I just wrote out for you? The one about paying tax on revenue vs profit? Did you see it but you just didn’t understand it?
Tax is automatically deducted from our salaries here too, but you still have to lodge a tax return every year. This is where you claim all your deductions from the previous 12 months.
We don’t do that here typically.
Definitions matter.
I know. That’s why I say there is a difference between revenue and profit.
Guess what? You can if the utilities are used for your work, such as working from home.
I need them to live so they are expenses I need for work. Same goes for food, transportation, clothing, shelter etc.
I should be able to deduct all of those expenses from my income.
So no one should ever pay any tax is what you’re saying?
You also still haven’t addressed my tax-on-revenue vs tax-on-profit example for businesses either. Could you please do that now, or there’s no point continuing this because you can’t understand why the difference exists.
So no one should ever pay any tax is what you’re saying?
Again why do you resort to lying? Why are you being so dishonest? Do you think acting in a sleazy dishonest way like this makes you look good or wins arguments?
When did I say nobody should ever pay taxes? Why did you feel compelled to lie like this?
All I am saying is that humans should be given the same affordances as businesses. If I don’t eat or drink or have clothes to wear I go out of business. I die. I should be able to deduct every penny I spend on anything that keeps me alive.
Could you please do that now, or there’s no point continuing this because you can’t understand why the difference exists.
It’s doubly futile when you continually lie about what I am saying. Shame on you. Stop being such a dishonest sleazeball and have an adult conversation.
I’m no lying- I’m using what you said - that people should be able to deduct all their expenses including food/clothing/transport/housing/etc from their income and only pay tax on their “profit”, which would result in pretty much no one ever paying any tax.
Answer my questions about the example I gave you. Why do you continue to avoid it? Is it because you know you fucked up?
I’m no lying- I’m using what you said - that people should be able to deduct all their expenses including food/clothing/transport/housing/etc from their income and only pay tax on their “profit”, which would result in pretty much no one ever paying any tax.
No it wouldn’t. They would pay taxes on any money left over after all that just like businesses do.
Answer my questions about the example I gave you. Why do you continue to avoid it? Is it because you know you fucked up?
I did answer you. You keep insisting that income is profits which it clearly isn’t. Profits is what’s left over after you pay all your expenses.
Do you understand why businesses couldn’t pay tax on revenue?
As for income/profits, you’re just getting yourself all confused. When you earn an income from a job, you pay tax on the profit after you’ve deducted your costs. This is what your tax return is - your chance to claim all your costs that you paid in earning that income, thereby reducing the taxable income. You’re just getting confused because the tax is automatically taken out every pay.
Do you understand why businesses couldn’t pay tax on revenue?
In the made up numbers you presented?
When you earn an income from a job, you pay tax on the profit after you’ve deducted your costs
This is a false statement. I do not get to deduct the costs of my food, babysitter, drink, transportation, clothes etc. I should be able to deduct all my costs like a business does. A business gets to deduct ALL their costs. Every single penny.
You’re just getting confused because the tax is automatically taken out every pay.
No I am not. I should be able to deduct every penny I need to survive just like a business does.
I live in New Zealand. We don’t do tax returns here. Our taxes are automatically deducted from our salaries.
If I lived in Australia and if I had kept the receipts for every item I bought that I used at work and if the deductions of all those things would make a measurable impact on the taxes I paid I would do that.
Revenue is income. Income is not profit. Surely as an adult who has filed taxes you know this.
Ok then why can’t I deduct all my expenses for living and pay taxes only on the amount left? If a business gets to deduct the equipment they buy then I should be able to deduct all the food and clothes that I but. If a business gets to deduct their utilities I should be able to deduct my utilities. If a business gets to deduct the amount they pay employees and contractors I should be able to deduct any money I pay to tradies.
Why should I be punished for paying taxes on all my income while a business pays only a tiny percent of their income?
Tax is automatically deducted from our salaries here too, but you still have to lodge a tax return every year. This is where you claim all your deductions from the previous 12 months.
Definitions matter. Google the definitions of revenue and income in regards to businesses.
Guess what? You can if the utilities are used for your work, such as working from home.
As for the rest……did you miss the example I just wrote out for you? The one about paying tax on revenue vs profit? Did you see it but you just didn’t understand it?
We don’t do that here typically.
I know. That’s why I say there is a difference between revenue and profit.
I need them to live so they are expenses I need for work. Same goes for food, transportation, clothing, shelter etc.
I should be able to deduct all of those expenses from my income.
So no one should ever pay any tax is what you’re saying?
You also still haven’t addressed my tax-on-revenue vs tax-on-profit example for businesses either. Could you please do that now, or there’s no point continuing this because you can’t understand why the difference exists.
Again why do you resort to lying? Why are you being so dishonest? Do you think acting in a sleazy dishonest way like this makes you look good or wins arguments?
When did I say nobody should ever pay taxes? Why did you feel compelled to lie like this?
All I am saying is that humans should be given the same affordances as businesses. If I don’t eat or drink or have clothes to wear I go out of business. I die. I should be able to deduct every penny I spend on anything that keeps me alive.
It’s doubly futile when you continually lie about what I am saying. Shame on you. Stop being such a dishonest sleazeball and have an adult conversation.
I’m no lying- I’m using what you said - that people should be able to deduct all their expenses including food/clothing/transport/housing/etc from their income and only pay tax on their “profit”, which would result in pretty much no one ever paying any tax.
Answer my questions about the example I gave you. Why do you continue to avoid it? Is it because you know you fucked up?
No it wouldn’t. They would pay taxes on any money left over after all that just like businesses do.
I did answer you. You keep insisting that income is profits which it clearly isn’t. Profits is what’s left over after you pay all your expenses.
No, you did not answer my example and questions.
Do you understand why businesses couldn’t pay tax on revenue?
As for income/profits, you’re just getting yourself all confused. When you earn an income from a job, you pay tax on the profit after you’ve deducted your costs. This is what your tax return is - your chance to claim all your costs that you paid in earning that income, thereby reducing the taxable income. You’re just getting confused because the tax is automatically taken out every pay.
In the made up numbers you presented?
This is a false statement. I do not get to deduct the costs of my food, babysitter, drink, transportation, clothes etc. I should be able to deduct all my costs like a business does. A business gets to deduct ALL their costs. Every single penny.
No I am not. I should be able to deduct every penny I need to survive just like a business does.