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.
Those are not costs associated with your job, that’s why you can’t deduct them.
A business gets to deduct “all” its costs because all the costs are associated with the business. There are laws around this, and no, not everything can be deducted.
In the made up numbers you presented
Yes, that’s how examples work. Do you think the numbers are “wrong”? The prices and margin that I gave for a PC build are very reasonable and realistic.
Answer my questions from my example. Last chance then you’re blocked as you’re clearly not capable of intelligent debate.
Those are not costs associated with your job, that’s why you can’t deduct them.
They are associated with my job because if I don’t have them I can’t do my job.
A business gets to deduct “all” its costs because all the costs are associated with the business.
See above. If I don’t eat I can’t do my job.
Yes, that’s how examples work. Do you think the numbers are “wrong”?
I think your example is silly. There is no reason we can’t have the exact same tax structure for businesses as we do for individuals. We could set up tiers etc. If people somehow are able to stay alive despite being taxed on revenue and having no relief whatsoever for their living costs so can businesses.
Answer my questions from my example. Last chance then you’re blocked as you’re clearly not capable of intelligent debate.
Oh my god. Some rando on the internet on a web site ten people use is going to block me because I don’t buy into his ideology. Whatever shall I do? I will be so despondent!
I answered your question multiple times. It’s just that your zealotry and inability to think outside the box causes you to reject the answer.
You didn’t answer it. You didn’t explain how a business can pay tax on revenue without going bankrupt since the tax rate is significantly higher than almost every companies profit margin.
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.
Those are not costs associated with your job, that’s why you can’t deduct them.
A business gets to deduct “all” its costs because all the costs are associated with the business. There are laws around this, and no, not everything can be deducted.
Yes, that’s how examples work. Do you think the numbers are “wrong”? The prices and margin that I gave for a PC build are very reasonable and realistic.
Answer my questions from my example. Last chance then you’re blocked as you’re clearly not capable of intelligent debate.
They are associated with my job because if I don’t have them I can’t do my job.
See above. If I don’t eat I can’t do my job.
I think your example is silly. There is no reason we can’t have the exact same tax structure for businesses as we do for individuals. We could set up tiers etc. If people somehow are able to stay alive despite being taxed on revenue and having no relief whatsoever for their living costs so can businesses.
Oh my god. Some rando on the internet on a web site ten people use is going to block me because I don’t buy into his ideology. Whatever shall I do? I will be so despondent!
I answered your question multiple times. It’s just that your zealotry and inability to think outside the box causes you to reject the answer.
Answer my questions about my example.
You can’t because they prove you wrong.
I answered it multiple times. You just don’t like the answer.
What you are really saying is “agree with me”
You didn’t answer it. You didn’t explain how a business can pay tax on revenue without going bankrupt since the tax rate is significantly higher than almost every companies profit margin.