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0 pointsbkirkby5y ago0 comments

Can you, as an individual, provide the value of a Zoom that benefits society? Are you paying thousands of people a salary (paying taxes on their salary)? Are you providing a service that people are using to, ostensibly, make their lives better?

If so, you should incorporate +and probably already do if you happen to employ thousands of people) since laws around incorporating are there to encourage people to take the risk of providing these values.

Societies that burden business with taxes generally do not understand that businesses are the lifeblood of economy and draining the lifeblood makes the economy sick.

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TheAdamAndChe5y ago

If companies are the lifeblood of the country, then the government is the bones. It provides absolutely necessary infrastructure like roads, water, sewers, and law enforcement. It provides economic and social stability through fiscal controls and food subsidies. It provides an educated population through schools.

When viewed this way, the vitriol arising from a large company not paying taxes makes sense. The entire organism requires coordination in order to survive, and the government and companies need to work together and support each other in order to thrive.

This isn't even going into the outrage arising from the fact that large companies are treated very differently from small businesses and individuals.

ephextom5y ago

The point is they do pay all kinds of taxes; the more they spend in a year, the more taxes are generated (as I said, employee income taxes, franchise taxes, sales taxes, etc etc etc).

Federal income tax is just one of the many taxes that companies are subjected to, and one that innovative companies normally don't pay anyway because it's not good business to hoard profits, it's much better to invest for future growth, leading to more of all the other kinds of taxes being generated now and into the future.

These rage-bait articles that always focus on corporate income tax only work because many people aren't aware of this.

ksec5y ago

X company made $100M Revenue, $50M Gross Profit ( Revenue Subtract COGS ), paid $30M for employee salary, $10M for Office, Building and Rent, $10M for Operation such as Accounting, Financial Expenses, Legal, Insurance, Utility expenses....... all within the same Country or State

Subtracting everything, X Company made Zero Net Profit. How much should X Company paid on Tax?

How much did this Lifeblood ( X Company ) contributed to the entire organism ( Society )? ( Hint: it is not Zero )

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