@thecantrellfam: Yeah, makes total sense.

LONGDEAD :

A lot of people defending corporations here for literally no reason 🤔

user5681148862682 :

This is why consumption should be taxed instead of income.

Adam🇵🇱🇪🇺 :

•. 🥥 🧸 🪶 :

Jeff Bezos paid a “true tax return” of less than 1% for his entire fortune. The average American pays upwards of 24% of their MONTHLY income on tax.

Meghan 🖤 :

We get taxes taken out of our income and when we buy things… should one or the other. Not both.

jlentz989 :

Nobody is telling you not to open an LLC

KrazyKats😻 :

the real scam is that you are taxed multiple times. one on income , then on value added tax for everything you buy , then you pay tax for property owned .. and then luxury tax for Tabaco alcohol and fuel.

AeroTyne Ventures :

we get taxed on everything we pay for anyways so idk why they still take taxes out each check

Handyman Helms RnR :

Start an LLC. If you actually have a legitimate side business, you can have a lot of deductions. You do work from home? Your rent or Mortgage, electricity, Internet, phone, bill, water, garbage, toilet paper, paper towels and so much more our tax deductible.

Hzidbzlcbridlcnzj :

Money spent by company is regulated, your 23 UberEats of the month are not 😅

terma :

Dont forget to put money in your 401k! Companies need the money of you buying their stock immediately and consistently for the next 40 years but maybe one day if you’re lucky and you live long enough and theres no economic crash in the decade before and after your retirement you can enjoy all that money you saved up!

Bruce Van Deventer :

Total BS. Businesses do pay taxes on gross revenue.

RED :

Plus all of the products are taxed? Like WTF?

Wolf :

People really should read the tax code there are so many deductions its crazy

strangewatch :

its like nobody here has ever heard of deuctions. even with just the standard 14k deduction at 60k youre only paying taxes on 46k but you should be aware you cam deduct alllllll sorts of things. gas driving to work, interest on certain loans, part of your rent/mortgage if you ever work from home.

Diane Young :

Just remember your "company" is nothing but a legal construct consisting of employees and owners. And also remember that whatever money gets out to the owners is taxed "again" as dividends.

firpo :

Hmm, Buffetts companies paid 26.8 billion in taxes. Microsoft 29 billion. Nvidia 11.5 billion. Evil bastards

mindmybus :

Delaware, Nevada, Ohio, Oregon, Tennessee, and Washington have a gross receipts tax

user9910133359516 :

whats the point of paying taxes on everything we buy...then have to pay taxes again on tax day?

️” :

People don’t read the tax codes enough there’s deductions for everything

Funny one 89 :

Standard deductions my friend. You pay substantially less on 60k than someone at 1m. Remember that. And without the 49m spent by the company YOU run the risk of having 0.

MatthewM32 :

You do realize if we tax corporations they are just going to take that out of your salary right?

Sigma😈 :

This is because businesses wouldn't be able to survive with taxes on the money they spent on running the business, that means less jobs, so less tax, so prices increase👍

George :

If you taxed that money they spent for the company the companies simply can’t grow and will also lead to every millionaire leaving the country