You can write off all business expenses in your taxes; the government pays for your business expenses, including frivolous bullshit like luxury dinners. It is only pure profit that's taxed. The individual is taxed as soon as they get any money, even if the paying that tax means they don't eat that week.
pricktive t1_j0secu5 wrote
Reply to comment by spros in [OC] Boeing is the world’s largest aerospace company. Breaking down its most recent income statement by giteam
You can write off all business expenses in your taxes; the government pays for your business expenses, including frivolous bullshit like luxury dinners. It is only pure profit that's taxed. The individual is taxed as soon as they get any money, even if the paying that tax means they don't eat that week.