Comment on Data centers get tax breaks. Not you though.

Zorque@lemmy.world ⁨1⁩ ⁨day⁩ ago

• Aceticon@lemmy.dbzer0.com ⁨14⁩ ⁨hours⁩ ago

  If you’re a “company” you get to offset money coming in with expenses and even in the most honest of systems only pay tax on the difference.

  If you’re an “individual” you pay taxes on any money coming in and cannot offset it with expenses.

  So even at the structural level the system is designed to be incredibly unfair. That shit you describe is really just some extra crap on top of a structure made of crap.

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  • ParlimentOfDoom@piefed.zip ⁨2⁩ ⁨hours⁩ ago

    I mean, the whole concept of the standard deduction is based around exactly that. It’s way to low to actually be that, but that’s the intent.

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  • LodeMike@lemmy.today ⁨4⁩ ⁨hours⁩ ago

    Individuals can but only for the stuff they need to get their income.

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  • Anivia@feddit.org ⁨12⁩ ⁨hours⁩ ago

    If you’re a “company” you get to offset money coming in with expenses and even in the most honest of systems only pay tax on the difference (i.e. the profits).

    Taxing profits instead of revenue is sensible though, otherwise businesses with low profit margins would be impossible to run. Groceries would be twice as expensive since the supermarket would have to increase their profit margin by a huge amount to not go bankrupt

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    • constant_liability@lemmy.world ⁨6⁩ ⁨hours⁩ ago

      Why do they need a huge profit margin of profit is the money left over after they’ve paid their expenses? And why wouldn’t you want the same system for individuals?

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      • Anivia@feddit.org ⁨6⁩ ⁨hours⁩ ago

        Why do they need a huge profit margin of profit is the money left over after they’ve paid their expenses?

        Because if they were taxed on revenue, not profit, they would have a higher tax burden than their profit and go bankrupt

        And why wouldn’t you want the same system for individuals?

        If you could decuct all your expenses from taxes the only ones paying taxes would be people saving up their money

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    • eestileib@lemmy.blahaj.zone ⁨5⁩ ⁨hours⁩ ago

      Hmm maybe this indicates that basic necessities of life should not be managed through the profit motive.

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    • Bytemeister@lemmy.world ⁨5⁩ ⁨hours⁩ ago

      That’s what the “Standard deductible” is on your taxes. Basically “this is what we think it costs to live here for a year, so this money doesn’t count towards your taxes.”

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      • Anivia@feddit.org ⁨4⁩ ⁨hours⁩ ago

        I think you replied to the wrong comment

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