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.

[–] BalpeenHammer@lemmy.nz 2 points 1 week ago (1 children)

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.

[–] FreedomAdvocate@lemmy.net.au -1 points 1 week ago (1 children)

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.

[–] BalpeenHammer@lemmy.nz 1 points 1 week ago (1 children)

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.

[–] FreedomAdvocate@lemmy.net.au -1 points 1 week ago (1 children)

Answer my questions about my example.

You can’t because they prove you wrong.

[–] BalpeenHammer@lemmy.nz 1 points 1 week ago (1 children)

I answered it multiple times. You just don’t like the answer.

What you are really saying is “agree with me”

[–] FreedomAdvocate@lemmy.net.au 0 points 1 week ago (1 children)

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.

[–] BalpeenHammer@lemmy.nz 1 points 6 days ago (1 children)

I did answer it. I answered it two ways. One was that we could adjust the rates and tier them like we do for people. The other is that we could keep it the same but give the same benefits to people.

You don't like either answer so you keep lashing out like a child and throwing a tantrum and threatening me with futile useless gestures.

Grow up and act like an adult.

If a business gets to deduct their rent so should I. if a business gets to deduct their utilities so should I. if a business gets to deduct their mortgage so should I. If a business gets to depreciate their equipment and appliances so should I.

It's a simple fucking answer but you just don't like it because you think businesses should be taxed less than you and me.

[–] FreedomAdvocate@lemmy.net.au 0 points 6 days ago (1 children)

Businesses aren’t people. Revenue isn’t personal income.

You’re comparing apples to oranges.

[–] BalpeenHammer@lemmy.nz 1 points 5 days ago (1 children)

I don't care if businesses are not people. That's not the topic. The topic is why they get to deduct expenses that I am not allowed to deduct.

[–] FreedomAdvocate@lemmy.net.au 1 points 4 days ago (1 children)

And the reasons why they are all explained in my example that you don’t seem to understand.

[–] BalpeenHammer@lemmy.nz 0 points 3 days ago (1 children)

You said a bunch of things. None of them made any sense.

Try again.

Why shouldn't I be allowed to deduct my utilities and rent just like a business does.

[–] FreedomAdvocate@lemmy.net.au -1 points 3 days ago* (last edited 3 days ago) (1 children)

Because you’re not a business. None of those are costs associated with your job. If you didn’t have your job you would still be paying for those things.

How do you not understand this? Do unemployed people not need to eat or pay rent?

[–] BalpeenHammer@lemmy.nz 1 points 3 days ago (1 children)

Because you’re not a business.

I know. That's not relevant.

None of those are costs associated with your job.

If I don't eat, if I don't have a place to live, if I can't use electricity or water or sewer I can't do my job.

If you didn’t have your job you would still be paying for those things.

If I didn't have a job I wouldn't be paying rent or utilities right?

Do unemployed people not need to eat?

how do they eat? Where do they get the money to eat? Do they pay taxes on that money?

[–] FreedomAdvocate@lemmy.net.au -1 points 3 days ago (1 children)

As always, missed the point.

You need to eat and pay rent even when you don’t have a job, therefore they’re not costs related to your income.

[–] BalpeenHammer@lemmy.nz 1 points 3 days ago (1 children)

You need to eat and pay rent even when you don’t have a job, therefore they’re not costs related to your income.

How do I eat and pay rent if I don't have a job?

That requires money right?

Where do I get that money?

Do I pay taxes on that money?

Do I need to eat and stay alive in order to get that income?

[–] FreedomAdvocate@lemmy.net.au 1 points 1 day ago (1 children)

This is like talking to a brick wall. If you don’t have a job you still have those costs, so that means those costs are not work related so can’t be claimed as tax deductions.

[–] BalpeenHammer@lemmy.nz 1 points 18 hours ago

This is like talking to a brick wall. If you don’t have a job you still have those costs, so that means those costs are not work related so can’t be claimed as tax deductions

Let's see if I can break it down so that even you can understand it.

If I don't have any income I can't eat and will die.

If I have any income and I spend any of that income on food then any taxes I pay on that income I should be able to deduct the cost of that food because without that food I won't be able to pay taxes because I will be dead.

Any food I eat is absolutely related to any income I get. Without income I have no food and I die. Without food I will die and will not earn (or aquire) income. My ability to get income is 100% dependent on the cost of the food. It's absolutely related.

No food == no income.

got it?