• @jetsetdorito
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    161 year ago

    If you feel so bold, write in a negative number

  • @[email protected]
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    fedilink
    151 year ago

    Why are people taxed on revenue but companies are taxed on profit?

    I often have 0 profit, if I call myself a company would I pay no taxes?

    • @[email protected]
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      fedilink
      21 year ago

      You, as a company, would pay no tax. You, as an employee of your company, pay the regular amount of tax you always pay. There’s some loopholes where you as a company can provide yourself as an employee with non-taxable benefits but it seems like more hassle than it’s worth. I have family that have done this and they save very little on taxes but have to file huge complicated returns.