Viewing a single comment thread. View all comments

ChrisFromIT t1_j7dthb9 wrote

You are making a huge mistake on mixing up income vs revenue. The reason why businesses are taxed on income(profit) is because taxes on revenue could cause a business to go out of business and it really disincentives reinvesting profits into the company which leads to more employment either directly or indirectly.


DataMan62 t1_j7jfbv3 wrote

Individuals should be able to write off expenses, too! My salary is revenue, not income!!! I have 0 income because I spend it all, just like a business tries to report on its tax return.