> Or, a company made 1B dollars but spent $990M, they only owe taxes on 10M$. But if I make $100k and spent $90k, I still pay taxes on 100k, not 10K.
First, if the hidden ask from you is to tax on revenue and not profit, that would be one of the fastest policies to kill almost every business in less than a year. Your mom and pop grocery store has razor thin margins just like the huge corporate ones.
Second, if you run your own sole proprietorship, you absolutely can deduct expenses related to your business.
> That fiction has more rights than I or any other non-billionaire average human will ever have.
I recommend spending some more time researching this and less on Reddit or wherever you’re getting your current information. A corporation isn’t some exalted thing and even if corporation execs are good at minimizing the corp taxes, they still can’t use that money for personal gain until they pay themselves. At that point they are subject to the same income taxes employees pay.
Don’t mix up billionaires with corporations. I think your issue might be with billionaires but you’ve just been describing regular business tax rules so far. Billionaires have an entirely different set of tricks to avoid ever realizing income.
